{"id":341014,"date":"2024-02-28T17:08:24","date_gmt":"2024-02-28T22:08:24","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=341014"},"modified":"2024-02-28T17:08:28","modified_gmt":"2024-02-28T22:08:28","slug":"bitcoin-surges-as-stocks-fade","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/bitcoin-surges-as-stocks-fade\/","title":{"rendered":"Bitcoin surges as stocks fade"},"content":{"rendered":"\n

Continuing its rally, Bitcoin<\/a> broke $60,000 during Wednesday trading and finished the day 4.8% higher just below that mark. Meanwhile, stocks in New York and Toronto showed weakness with the S&P closing -0.39%, the Nasdaq -0.67% to fall below 16,000, and the Dow -0.17%.<\/p>\n\n\n\n

Earnings drove the the headline stocks on Wall Street. Ebay<\/a> beat and shares jumped 7.81%, Bumble<\/a> stumbled and finished -14.8%, while Beyond Meat<\/a> surprised many with a solid beat and soared 30.72%. Elsewhere, Alphabet<\/a> (A shares) closed -1.86%. The U.S. 10-year yield hovered around 4.264%.<\/p>\n\n\n\n

The TSX ended the session -0.36% with nearly all sectors down, led by staples, industrials and real estate. Consumer discretionary was a rare gainer. Trading the most hands were Suncor<\/a> up 1.01% and Manulife<\/a> at -1.16%. Parkland<\/a> closed -6.19% after reporting disappointing revenues. Banks continued to report. Royal<\/a> rallied in the morning but closed -0.22% on a positive, but not overwhelming quarter, though National<\/a> jumped 2.32%. WTI crude declined 0.5% to $78.40.<\/p>\n\n\n\n

🅱 Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> +4.8%<\/p>\n\n\n\n

🛍 eBay Inc\u00a0(EBAY-Q)<\/a> +7.81%<\/p>\n\n\n\n

💾 Bumble\u00a0(BMBL-Q)<\/a> -14.8%<\/p>\n\n\n\n

🥩 Beyond Meat Inc.\u00a0(BYND-Q)<\/a> +30.72%<\/p>\n\n\n\n

🧮 Alphabet Inc\u00a0(GOOG-Q)<\/a> -1.86%<\/p>\n\n\n\n

🛢 Suncor Energy Inc\u00a0(SU-T)<\/a> +1-01%<\/p>\n\n\n\n

🏛 Manulife Financial\u00a0(MFC-T)<\/a> -1.16%<\/p>\n\n\n\n

🚚 Parkland Fuel Corp\u00a0(PKI-T)<\/a> -6.29<\/p>\n\n\n\n

🏛 Royal Bank\u00a0(RY-T)<\/a> -0.22%<\/p>\n\n\n\n

🏛 National Bank of Canada\u00a0(NA-T)<\/a> +2.32%<\/p>\n","protected":false},"excerpt":{"rendered":"

Continuing its rally, Bitcoin broke $60,000 during Wednesday trading and finished the day 4.8% higher just below that mark. Meanwhile, stocks in New York and Toronto showed weakness with the S&P closing -0.39%, the Nasdaq -0.67% to fall below 16,000, […]<\/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-341014","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\/341014","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=341014"}],"version-history":[{"count":3,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341014\/revisions"}],"predecessor-version":[{"id":341019,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341014\/revisions\/341019"}],"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=341014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=341014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=341014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}