TORONTO — Canada's main stock index eked out a gain Thursday thanks to energy and base metals, while U.S. stock markets fell, though they managed to pare back deeper losses from the morning.
TORONTO — Canada's main stock index eked out a gain Thursday thanks to energy and base metals, while U.S. stock markets fell, though they managed to pare back deeper losses from the morning.
“It introduces this notion ... of this stagflationary environment, which is the worst of both worlds,” said Nia.In New York, the Dow Jones industrial average was down 375.12 points at 38,085.80. The S&P 500 index was down 23.21 points at 5,048.42,while the Nasdaq composite was down 100.99 points at 15,611.76.
The mixed data doesn’t help investors much in their efforts to figure out when the U.S. Federal Reserve could cut interest rates, said Nia.
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