{"id":341968,"date":"2024-08-16T17:38:00","date_gmt":"2024-08-16T21:38:00","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=341968"},"modified":"2024-08-16T21:12:58","modified_gmt":"2024-08-17T01:12:58","slug":"markets-end-week-higher-on-soft-inflation","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-end-week-higher-on-soft-inflation\/","title":{"rendered":"Markets end week higher on soft inflation"},"content":{"rendered":"\n<p>The indices in New York and Toronto edged up on Friday to finish the week higher. The past week&#8217;s weaker-than-inflation numbers in the U.S drove the rally. The three New York indices gained over 0.2% on Friday. While the Nasdaq was flat for the week, the S&amp;P jumped 4% and the Dow 3%, indicating a continuing rotation out of tech, or a broadening of the rally. <\/p>\n\n\n\n<p>Key movers on Friday: <a href=\"https:\/\/stockchase.com\/NVDA-Q\">Nvidia<\/a> up 1.4%, <a href=\"https:\/\/stockchase.com\/DXCM-Q\">Dexcom<\/a> 3.16%, <a href=\"https:\/\/stockchase.com\/ULTA-Q\">Ulta Beauty<\/a> 3.12%, <a href=\"https:\/\/stockchase.com\/CMG-N\">Chipotle<\/a> -2.78% and <a href=\"https:\/\/stockchase.com\/PANW-N\">Palo Alto Networks<\/a> -2.67%. The U.S. 10-year yield declined to 3.887% while <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> leapt about 5% to nearly US$59,500.<\/p>\n\n\n\n<p>The TSX added 15 points on Friday, but rose 3.33% over the week. Major names on Friday included <a href=\"https:\/\/stockchase.com\/CAE-T\">CAE<\/a> at -3.4%, <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor<\/a> -1.01%, <a href=\"https:\/\/stockchase.com\/DML-T\">Denison Mines<\/a> -2.74% and <a href=\"https:\/\/stockchase.com\/NGD-T\">New Gold<\/a> up 6.36%. Speaking of which, the shiny rock climbed by US$42 to US$,2509 while WTI sank 1.75% to US$76.80. Next week marks the start of Canadian bank earnings.<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/NVDA-Q\">NVIDIA Corporation\u00a0(NVDA-Q)<\/a> +1.4%<\/p>\n\n\n\n<p>&#x1f9eb; <a href=\"https:\/\/stockchase.com\/DXCM-Q\">Dexcom\u00a0(DXCM-Q)<\/a> +3.16%<\/p>\n\n\n\n<p>&#x1f484; <a href=\"https:\/\/stockchase.com\/ULTA-Q\">Ulta Salon Cosmetics and Fragrance Inc.\u00a0(ULTA-Q)<\/a> +3.12%<\/p>\n\n\n\n<p>&#x1f336; <a href=\"https:\/\/stockchase.com\/CMG-N\">Chipotle Mexican Grill\u00a0(CMG-N)<\/a> -2.78%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/PANW-N\">Palo Alto Networks\u00a0(PANW-N)<\/a> -2.67%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> +5%<\/p>\n\n\n\n<p>&#x1f69a; <a href=\"https:\/\/stockchase.com\/CAE-T\">CAE Inc\u00a0(CAE-T)<\/a> -3.4%<\/p>\n\n\n\n<p>&#x26a1; <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor Energy Inc\u00a0(SU-T)<\/a> -1.01%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/DML-T\">Denison Mines Corp\u00a0(DML-T)<\/a> -2.74%<\/p>\n\n\n\n<p>&#x1f947; <a href=\"https:\/\/stockchase.com\/NGD-T\">New Gold Inc.\u00a0(NGD-T)<\/a> +6.36%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The indices in New York and Toronto edged up on Friday to finish the week higher. The past week&#8217;s weaker-than-inflation numbers in the U.S drove the rally. The three New York indices gained over 0.2% on Friday. While the Nasdaq [&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-341968","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\/341968","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=341968"}],"version-history":[{"count":3,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341968\/revisions"}],"predecessor-version":[{"id":341973,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341968\/revisions\/341973"}],"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=341968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=341968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=341968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}