{"id":341762,"date":"2024-07-10T17:53:49","date_gmt":"2024-07-10T21:53:49","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=341762"},"modified":"2024-07-10T17:53:53","modified_gmt":"2024-07-10T21:53:53","slug":"powell-nudges-wall-street-even-higher","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/powell-nudges-wall-street-even-higher\/","title":{"rendered":"Powell nudges Wall Street even higher"},"content":{"rendered":"\n<p>Wednesday saw the second day of U.S. Fed Chief Jay Powell facing Congress and again he hinted at making progress in the fight against inflation. His dovish sentiments pushed the S&amp;P and Nasdaq to yet more record closes. Both indices rallied over 1% to 5,633 and 18.647 respectively as once more tech led the way. <\/p>\n\n\n\n<p><a href=\"https:\/\/stockchase.com\/NVDA-Q\">Nvidia<\/a> was the most influential name, surging 2.69%, followed by <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> which rose 1.88% to make a record high. Elsewhere, <a href=\"https:\/\/stockchase.com\/ALB-N\">Albermarle<\/a> jumped 7.11%, <a href=\"https:\/\/stockchase.com\/KMX-N\">CarMax<\/a> 6.46% and <a href=\"https:\/\/stockchase.com\/WBA-Q\">Walgreens<\/a> 4.36%. The Dow finished 1.09% higher as the U.S. 10-year yield stayed below 4.3% and <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> declined 1.3% to nearly US$57,300.<\/p>\n\n\n\n<p>This time, the TSX beat its American peers by climbing 1.4% or more than 300 points. Major movers: <a href=\"https:\/\/stockchase.com\/CCO-T\">Cameco<\/a> 9.4%, <a href=\"https:\/\/stockchase.com\/CNQ-T\">CNQ<\/a> 1.53%, <a href=\"https:\/\/stockchase.com\/NFI-T\">NFI<\/a> -5.07%, <a href=\"https:\/\/stockchase.com\/NXE-T\">NexGen Energy<\/a> 8.65% and <a href=\"https:\/\/stockchase.com\/DML-T\">Denison Mines<\/a> 6.6%. Gold edged up to US$2,371 and WTI gained US$1 to US$82.40.<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/NVDA-Q\">NVIDIA Corporation\u00a0(NVDA-Q)<\/a> +2.69%<\/p>\n\n\n\n<p>&#x1f34e; <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple Inc\u00a0(AAPL-Q)<\/a> +1.88%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/ALB-N\">Albemarle Corp\u00a0(ALB-N)<\/a> +7.11%<\/p>\n\n\n\n<p>&#x1f697; <a href=\"https:\/\/stockchase.com\/KMX-N\">CarMax\u00a0(KMX-N)<\/a> +6.46%<\/p>\n\n\n\n<p>&#x1f48a; <a href=\"https:\/\/stockchase.com\/WBA-Q\">Walgreen Boots Alliance\u00a0(WBA-Q)<\/a> +4.36%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -1.3%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/CCO-T\">Cameco Corporation\u00a0(CCO-T)<\/a> +9.4%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CNQ-T\">Canadian Natural Rsrcs\u00a0(CNQ-T)<\/a> +1.53%<\/p>\n\n\n\n<p>&#x1f698; <a href=\"https:\/\/stockchase.com\/NFI-T\">New Flyer Industries Inc.\u00a0(NFI-T)<\/a> -5.07%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/NXE-T\">NexGen Energy\u00a0(NXE-T)<\/a> +8.65%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/DML-T\">Denison Mines Corp\u00a0(DML-T)<\/a> +6.6%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wednesday saw the second day of U.S. Fed Chief Jay Powell facing Congress and again he hinted at making progress in the fight against inflation. His dovish sentiments pushed the S&amp;P and Nasdaq to yet more record closes. Both indices [&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-341762","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\/341762","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=341762"}],"version-history":[{"count":2,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341762\/revisions"}],"predecessor-version":[{"id":341766,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341762\/revisions\/341766"}],"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=341762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=341762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=341762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}