Canada's main stock index rose on Monday driven by broad market strength, while U.S. markets were mixed as investors awaited an anticipated interest rate cut later this week. The Dow Jones industrial average set a new record.
TORONTO — Canada 's main stock index rose Monday on broad-based strength, while U.S. markets were mixed as investors anticipated an interest rate cut later in the week, though the Dow set a new record.
But a handful of large tech companies dragged U.S. markets lower, with the S&P 500 barely eking out a gain and the Nasdaq posting a small loss.In New York, the Dow Jones industrial average was up 228.30 points at 41,622.08. The S&P 500 index was up 7.07 points at 5,633.09, while the Nasdaq composite was down 91.85 points at 17,592.13.Over the past couple of months, markets have been broadening their holdings in anticipation of an interest rate cut from the U.S.
This Wednesday, the Fed is widely expected to cut its key rate for the first time since it rapidly hiked it to fight inflation.
Stocks Market Interest Rates Federal Reserve Canada
Canada Latest News, Canada 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 up more than 200 points, U.S. stock markets also higherTORONTO — Canada's main stock index was up more than 200 points in late-morning trading amid a broad-based rally on the Toronto market, while U.S. stock...
Read more »
This Goose could fly south, straight out of Canada’s main stock indexCanada Goose Holdings Ltd. could be dropped from the Toronto Stock Exchange because the majority of the company’s trading now takes place on the New York Stock Exchange
Read more »
Canada Goose to exit TSX Composite; Algonquin Power stays in TSX 60S&P Dow Jones Indices reshuffling Canada’s main stock index
Read more »
Stock market today: US stock futures tread water in wait for Fed's rate callInvestors are bracing for a crucial week dominated by the Fed's first interest-rate cut in four years.
Read more »
Cava stock slides after CEO, executives disclose stock salesCava (CAVA) shares are falling in Tuesday's pre-market trading — opening the session in negative territory — after CEO Brent Schulman and other executives...
Read more »
S&P/TSX composite up nearly 300 points, U.S. stock markets also higherTORONTO — Canada's main stock index was up nearly 300 points while U.S. stock markets also surged higher as the U.S. Federal Reserve signalled it is prepared...
Read more »