{"id":341880,"date":"2024-07-31T17:04:39","date_gmt":"2024-07-31T21:04:39","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=341880"},"modified":"2024-07-31T17:04:43","modified_gmt":"2024-07-31T21:04:43","slug":"tsx-hits-new-high-tech-roars-back","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tsx-hits-new-high-tech-roars-back\/","title":{"rendered":"TSX hits new high, tech roars back"},"content":{"rendered":"\n<p>July ended with a bang as the TSX surged 1.28% to close at a record high of 23,116, and tech roared back after recent weakness. Canadian stocks filled trading screens with green on Wednesday and the month of July with a 6% gain.<\/p>\n\n\n\n<p>Influential names: <a href=\"https:\/\/stockchase.com\/CLS-T\">Celestica<\/a> up 6.88%, <a href=\"https:\/\/stockchase.com\/DML-T\">Denison Mines<\/a> 6.25, <a href=\"https:\/\/stockchase.com\/NGD-T\">New Gold<\/a> 13.12%, <a href=\"https:\/\/stockchase.com\/PD-T\">Precision Drilling<\/a> 6.82% and <a href=\"https:\/\/stockchase.com\/HBM-T\">Hudbay Minerals<\/a> 6.08%. WTI crude gushed 5% to US$78.45 a barrel while gold advanced US$38 to US$2,248 an ounce.<\/p>\n\n\n\n<p>Tech reversed recent losses with a vengeance as the Nasdaq soared 3.1%. Not to be outdone, the S&amp;P rallied 1.95% and the Dow 0.85%. <a href=\"https:\/\/stockchase.com\/NVDA-Q\">Nvidia<\/a> reversed sharp losses of the day before by rocketing 12.83%. Other key movers: <a href=\"https:\/\/stockchase.com\/AMD-Q\">AMD<\/a> 4.41%, <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> 1.72%, <a href=\"https:\/\/stockchase.com\/AVGO-Q\">Broadcom<\/a> 11.94% and <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla<\/a> 4.51%. <a href=\"https:\/\/stockchase.com\/META-Q\">Meta<\/a> reported after the bell and shares jumped over 6% immediately after-hours. However, for the month the Dow rose 5.2%, the S&amp;P only 1.5% and the Nasdaq -0.4%. The U.S. Fed left rates unchanged Wednesday, as some had expected, but hinted at a rate cut ahead. Surprisingly, the market didn&#8217;t budge on the news or the press conference. The U.S. 10-year yield inched down 4.14% as <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> fell 1.25% to US$65,340.<\/p>\n\n\n\n<p>&#x1f9ec; <a href=\"https:\/\/stockchase.com\/CLS-T\">Celestica Inc\u00a0(CLS-T)<\/a> +6.88%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/DML-T\">Denison Mines Corp\u00a0(DML-T)<\/a> +6.25%<\/p>\n\n\n\n<p>&#x1f947; <a href=\"https:\/\/stockchase.com\/NGD-T\">New Gold Inc.\u00a0(NGD-T)<\/a> +13.12%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/PD-T\">Precision Drilling\u00a0(PD-T)<\/a> +6.82%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/HBM-T\">Hudbay Minerals\u00a0(HBM-T)<\/a> +6.08%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/NVDA-Q\">NVIDIA Corporation\u00a0(NVDA-Q)<\/a> +12.83%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/AMD-Q\">Advanced Micro Devices\u00a0(AMD-Q)<\/a> +4.41%<\/p>\n\n\n\n<p>&#x1f34e; <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple Inc\u00a0(AAPL-Q)<\/a> +1.72%<\/p>\n\n\n\n<p>&#x1f9ec; <a href=\"https:\/\/stockchase.com\/AVGO-Q\">Broadcom\u00a0(AVGO-Q)<\/a> +11.94%<\/p>\n\n\n\n<p>&#x1f697; <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla Inc\u00a0(TSLA-Q)<\/a> +4.51%<\/p>\n\n\n\n<p>&#x1f575;&#xfe0f;&#x200d;&#x2642;&#xfe0f; <a href=\"https:\/\/stockchase.com\/META-Q\">Meta Platforms Inc \/ Facebook\u00a0(META-Q)<\/a> +6%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -1.25%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>July ended with a bang as the TSX surged 1.28% to close at a record high of 23,116, and tech roared back after recent weakness. Canadian stocks filled trading screens with green on Wednesday and the month of July with [&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-341880","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\/341880","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=341880"}],"version-history":[{"count":2,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341880\/revisions"}],"predecessor-version":[{"id":341883,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341880\/revisions\/341883"}],"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=341880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=341880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=341880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}