Canadian Stock Index Falls as Energy and Industrial Stocks Weaken

TORONTO — Canada's main stock index moved down Thursday, led lower by weakness in energy and industrial stocks, while U.S. markets were mixed but largely positive as tech stocks rose.

“Yesterday was pretty pivotal as far as market movements,” said Michael Greenberg, senior vice-president and portfolio manager at Franklin Templeton Investment Solutions. Investors reassessed expectations for whether the U.S. Federal Reserve would cut interest rates this year, and by how much. In New York, the Dow Jones industrial average was down 2.43 points at 38,459.08. The S&P 500 index was up 38.42 points at 5,199.06, while the Nasdaq composite was up 271.84 points at 16,442.20.The wholesale inflation report doesn’t change the fact that inflation has been higher and stickier in the U.S., said Greenberg, “but it at least tempered it a little bit.”“And it might ...

With earnings season coming up, It will be interesting to see whether companies meet or even beat expectations, which have been rising amid strong market performances and optimism about artificial intelligence, said Greenberg.The Canadian dollar traded for 73.04 cents US compared with 73.15 cents US on Wednesday.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Hottest Indian Stock Index Also Has the Best Earnings PotentialThe NSE Nifty Next 50 Index is emerging as the hottest stock gauge in India, as investors look for pockets of outperformance in a market that’s been hovering near record highs.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »

Energy and Base Metal Stocks Lift Canada's Main Stock IndexStrength in energy and base metal stocks helped lift Canada's main stock index on Wednesday, while U.S. stock markets were mixed but held relatively steady.
Источник: SooToday - 🏆 8. / 85 Прочитайте больше »

Stock market today: Stock futures pop as Wall Street looks to continue record-setting runA bullish mood is prevailing on Wall Street.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stock market today: 'Magnificent 7' power stock surge after CPI-fueled sell-offInvestors were bracing for a wholesale inflation print, after a surprise uptick in CPI shook markets and undermined bets on interest-rate cuts.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »