{"id":340914,"date":"2024-02-09T17:23:06","date_gmt":"2024-02-09T22:23:06","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=340914"},"modified":"2024-02-09T17:23:10","modified_gmt":"2024-02-09T22:23:10","slug":"tech-leads-wall-street-to-fresh-highs-again","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-leads-wall-street-to-fresh-highs-again\/","title":{"rendered":"Tech leads Wall Street to fresh highs (again)"},"content":{"rendered":"\n<p>Once more, tech lead American indices to new highs to cap the week. The S&amp;P closed above 5,000 for the first time, the Nasdaq hit a new 52-week high just shy of 16,000 while the Dow declined 0.21%. For the week, the S&amp;P rose 1.37%, the Nasdaq 2.3% and the Dow as flat. <\/p>\n\n\n\n<p><a href=\"https:\/\/stockchase.com\/company\/view\/820\/MSFT-Q\">Microsoft<\/a> gained 1.56% to reach a new high of $420.55 while <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvidia<\/a> rose 3.58% to another high. <a href=\"https:\/\/stockchase.com\/company\/view\/5131\/PYPL-Q\">PayPal<\/a> regained 4.97%. Earnings continued to dominate. <a href=\"https:\/\/stockchase.com\/company\/view\/6427\/NET-N\">Cloudflare<\/a> soared 19.5% on a beat, but <a href=\"https:\/\/stockchase.com\/company\/view\/3769\/EXPE-Q\">Expedia<\/a> sank 17.73% and <a href=\"https:\/\/stockchase.com\/company\/view\/1274\/TTWO-Q\">Take-Two Interactive<\/a> tumbled 8.66% after their reports. Even as tech stocks rose, the U.S. 10-year yield edged up to 4.156%, though <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> did jump 4.7% to $47,400. Partially feeding market sentiment was December CPI data revised to a 0.2% increase over the month instead of 0.3%.<\/p>\n\n\n\n<p>In Canada, the TSX returned to 21,000 as it advanced 0.43% Friday, though still shed 0.36% for the week. Most sectors were up, led by tech and financials though discretionary lagged. Major movers were <a href=\"https:\/\/stockchase.com\/company\/view\/130\/BBDB-T\">Bombardier<\/a> jumping 8.48%, <a href=\"https:\/\/stockchase.com\/company\/view\/1273\/T-T\">Telus<\/a> 2.96% which reported a day after rival Bell sank on their own earnings, <a href=\"https:\/\/stockchase.com\/company\/view\/707\/K-T\">Kinross Gold<\/a> -3.07%, <a href=\"https:\/\/stockchase.com\/company\/view\/169\/BNS-T\">Bank of Nova Scotia<\/a> up 2.51% and <a href=\"https:\/\/stockchase.com\/company\/view\/784\/MG-T\">Magna<\/a> -6.74%. WTI crude rallied nearly 3% to $76 a barrel<\/p>\n\n\n\n<p>&#x24c2; <a href=\"https:\/\/stockchase.com\/company\/view\/820\/MSFT-Q\">Microsoft Corp\u00a0(MSFT-Q)<\/a> +1.56%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">NVIDIA Corporation\u00a0(NVDA-Q)<\/a> +3.58%<\/p>\n\n\n\n<p>&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5131\/PYPL-Q\">PayPal Holdings Inc.\u00a0(PYPL-Q)<\/a> +4.97%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6427\/NET-N\">Cloudflare\u00a0(NET-N)<\/a> +19.5%<\/p>\n\n\n\n<p>&#x2708; <a href=\"https:\/\/stockchase.com\/company\/view\/3769\/EXPE-Q\">Expedia\u00a0(EXPE-Q)<\/a> -17.73%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/1274\/TTWO-Q\">Take-Two Interactive Softwar\u00a0(TTWO-Q)<\/a> -8.66%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> +4.7%<\/p>\n\n\n\n<p>&#x1f682; <a href=\"https:\/\/stockchase.com\/company\/view\/130\/BBDB-T\">Bombardier Inc (B)\u00a0(BBD.B-T)<\/a> +8.48%<\/p>\n\n\n\n<p>&#x1f4f1; <a href=\"https:\/\/stockchase.com\/company\/view\/1273\/T-T\">Telus Corp\u00a0(T-T)<\/a> +2.96%<\/p>\n\n\n\n<p>&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/707\/K-T\">Kinross Gold\u00a0(K-T)<\/a> -3.07%<\/p>\n\n\n\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/169\/BNS-T\">Bank of Nova Scotia\u00a0(BNS-T)<\/a> +2.51%<\/p>\n\n\n\n<p>&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/784\/MG-T\">Magna Int&#8217;l. (A)\u00a0(MG-T)<\/a> -6.74%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Once more, tech lead American indices to new highs to cap the week. The S&amp;P closed above 5,000 for the first time, the Nasdaq hit a new 52-week high just shy of 16,000 while the Dow declined 0.21%. For the [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-340914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/340914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=340914"}],"version-history":[{"count":4,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/340914\/revisions"}],"predecessor-version":[{"id":340920,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/340914\/revisions\/340920"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=340914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=340914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=340914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}