TORONTO — Canada's main stock index moved lower Monday while U.S. markets were mixed ahead of major economic data reports coming in the days ahead.
TORONTO — Canada's main stock index moved lower Monday while U.S. markets were mixed ahead of major economic data reports coming in the days ahead.
In New York, the Dow Jones industrial average was down 81.33 points at 39,431.51. The S&P 500 index was down 1.26 points at 5,221.42, while the Nasdaq composite was up 47.37 points at 16,388.24.In just a matter of months, the narrative over interest rates has shifted, he said, with markets now expecting dramatically fewer cuts in the U.S. this year than they did before.
“I think this week's CPI data will either seek to validate the more positive tone of the markets in the last couple of weeks, or perhaps reignite some of those worries that we saw in April,” said Fehr, adding he thinks the former is more likely.
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