Oct 27 - Canada's main stock index was set for a second consecutive week of declines after TSX fell on Friday, led by losses in energy shares, while expectations rose that the U.S. Federal Reserve will hold back on any further interest rate hikes as inflation cools down.Energy sector was the top loser, falling 1.1% despite oil prices rising 1% a barrel on Friday.
Higher copper prices also added to the gains in materials shares with upbeat signs of recovery in top metals consumer China. "Investors should view this pace of declines in inflation as generally positive and remain cautiously optimistic that inflation will abate going forward," Pietrangelo added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P/TSX composite down Thursday as tech stocks fall, U.S. stock markets also lowerTORONTO — Canada's main stock index moved lower Thursday amid weakness in industrials, technology and battery metals, while U.S. markets also fell, led by losses in technology. The S&P/TSX composite index closed down 72.54 points at 18,875.31.
Source: SooToday - 🏆 8. / 85 Read more »
S&P/TSX composite down as tech stocks fall, U.S. stock markets also lowerWeakness in technology stocks helped lead Canada's main stock index lower in late-morning trading, while U.S. stock markets also moved lower.
Source: GlobalCalgary - 🏆 50. / 61 Read more »
S&P/TSX composite down as tech stocks fall, U.S. stock markets also lowerTORONTO — Weakness in technology stocks helped lead Canada's main stock index lower in late-morning trading, while U.S. stock markets also moved lower. The S...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
S&P/TSX composite down as tech stocks fall, U.S. stock markets also lowerTORONTO — Weakness in technology stocks helped lead Canada's main stock index lower in late-morning trading, while U.S. stock markets also moved lower. The S&P/TSX composite index was down 27.54 points at 18,920.31.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market news today: Nasdaq leads stock slide as Big Tech comes under pressureStocks are struggling under the weight of disappointing Big Tech earnings and rising bond yields.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market news today: Nasdaq futures sink with earnings in driver's seatStocks are struggling under the weight of disappointing Big Tech earnings and rising bond yields.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »