TORONTO — Canada's main stock index gained almost 200 points Friday as markets broadly rose to end a rocky trading week, with the main U.S. indexes each gaining more than one per cent. The S&P/TSX composite index closed up 185.
TORONTO — Canada's main stock index gained almost 200 points Friday as markets broadly rose to end a rocky trading week, with the main U.S. indexes each gaining more than one per cent.In New York, the Dow Jones industrial average was up 498.02 points at 42,840.26. The S&P 500 index was up 63.77 points at 5,930.85, and the Nasdaq composite index was up 199.83 points at 19,572.60.
“It was one of the single largest drops in a day for 2024,” said Ilana Schonwetter, investment advisor and portfolio manager at Blueshore Financial.The Fed was signalling that it no longer needs to be as proactive about lowering rates because the economy is doing so well, said Schonwetter.That’s not quite the case in Canada, where there’s more concern over the economy, she said.
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