{"id":340984,"date":"2024-02-23T17:55:00","date_gmt":"2024-02-23T22:55:00","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=340984"},"modified":"2024-02-26T10:00:43","modified_gmt":"2024-02-26T15:00:43","slug":"tech-pauses-but-markets-hit-highs","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-pauses-but-markets-hit-highs\/","title":{"rendered":"Tech pauses, but markets hit highs"},"content":{"rendered":"\n<p>The trading week ended up an upbeat note, even as red-hot tech took a breather on Friday. The S&amp;P climbed 0.27% to make a new record high of 5,097. It rose 1.17% for the week. The Dow also made a new record by adding 0.31% to 39,192, and gained nearly 1% over the week. Meanwhile, the Nasdaq shed 0.16% on Friday but remained over 16,000 and advanced 0.57% for the week. <\/p>\n\n\n\n<p>Notable names included <a href=\"https:\/\/stockchase.com\/company\/view\/4340\/PANW-N\">Palo Alto<\/a> which rallied 5.62%, <a href=\"https:\/\/stockchase.com\/company\/view\/7278\/D-N\">Dominion Energy<\/a> 5.11%, <a href=\"https:\/\/stockchase.com\/company\/view\/5774\/ETSY-Q\">Etsy<\/a> 4.3%, though <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">AMD<\/a> closed -2.85% and <a href=\"https:\/\/stockchase.com\/company\/view\/7160\/WBD-Q\">Warner Bros. Discovery<\/a> -10.2%. The U.S. 10-year yield edged down to 4.252% while <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> gave back 0.35% to nearly $51,000.<\/p>\n\n\n\n<p>The TSX fell short of making new highs, but rose 0.51% Friday and 0.9% for the week. Most sectors gained, starting with materials, staples, financials and tech. Five sectors declined but only mildly, including telcos and utilities. <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor<\/a> traded the most hands and added 1.26%. <a href=\"https:\/\/stockchase.com\/company\/view\/5040\/LUG-T\">Lundin Gold<\/a> jumped 7.5% and <a href=\"https:\/\/stockchase.com\/company\/view\/6403\/NVEI-T\">Nuvei<\/a> 6.5%, though <a href=\"https:\/\/stockchase.com\/company\/view\/2011\/HBM-T\">Hudbay Minerals<\/a> closed 4.72% and <a href=\"https:\/\/stockchase.com\/company\/view\/286\/CNQ-T\">CNQ<\/a> -1.32%. WTI sank 2.55% to $76.60 a barrel. Next week, Canadian investors will eye bank earnings.<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/4340\/PANW-N\">Palo Alto Networks\u00a0(PANW-N)<\/a> +5.62%<\/p>\n\n\n\n<p>&#x1f4a1; <a href=\"https:\/\/stockchase.com\/company\/view\/7278\/D-N\">Dominion Energy\u00a0(D-N)<\/a> +5.11%<\/p>\n\n\n\n<p>&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5774\/ETSY-Q\">Etsy Inc.\u00a0(ETSY-Q)<\/a> +4.3%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">Advanced Micro Devices\u00a0(AMD-Q)<\/a> -2.85%<\/p>\n\n\n\n<p>&#x1f4fa; <a href=\"https:\/\/stockchase.com\/company\/view\/7160\/WBD-Q\">Warner Bros. Discovery\u00a0(WBD-Q)<\/a> -10.2%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -0.35%<\/p>\n\n\n\n<p>&#x1f6e2;<a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor Energy Inc\u00a0(SU-T)<\/a> +1.26%<\/p>\n\n\n\n<p>&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/5040\/LUG-T\">Lundin Gold Inc.\u00a0(LUG-T)<\/a> +7.5%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6403\/NVEI-T\">Nuvei Corp\u00a0(NVEI-T)<\/a> +6.5%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/2011\/HBM-T\">Hudbay Minerals\u00a0(HBM-T)<\/a> +4.72%<\/p>\n\n\n\n<p>&#x1f6e2;<a href=\"https:\/\/stockchase.com\/company\/view\/286\/CNQ-T\">Canadian Natural Rsrcs\u00a0(CNQ-T)<\/a> -1.32%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The trading week ended up an upbeat note, even as red-hot tech took a breather on Friday. The S&amp;P climbed 0.27% to make a new record high of 5,097. It rose 1.17% for the week. The Dow also made a [&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-340984","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\/340984","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=340984"}],"version-history":[{"count":2,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/340984\/revisions"}],"predecessor-version":[{"id":340989,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/340984\/revisions\/340989"}],"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=340984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=340984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=340984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}