cambridgetoday.ca on Nostr: S&P/TSX composite ekes out gain as base metals rise, U.S. markets down ========== ...
S&P/TSX composite ekes out gain as base metals rise, U.S. markets down
==========
Canada's main stock index, the S&P/TSX composite, closed up 19.30 points at 21,849.15 as base metals rose. The U.S. stock markets, however, were down, with the Dow Jones industrial average down 190.89 points at 38,714.77, the S&P 500 index down 33.39 points at 5,117.09, and the Nasdaq composite down 155.36 points at 15,973.17. The week saw a lot of economic data, particularly on inflation, which had mixed results. The University of Michigan reported that consumer sentiment fell unexpectedly in March. The markets also experienced higher volumes and volatility due to the "triple witching," a day when derivative contracts, index options, and futures all mature at once. Next week, all eyes will be on the U.S. Federal Reserve's interest rate decision. The Bank of Canada may be more likely to cut rates in June than the Fed. The TSX performed better than its peers due to strength in copper, which rose in price after news of potential copper production cuts in China. The Canadian dollar traded at 73.89 cents US, while the May crude oil contract was down 16 cents at US$80.58 per barrel, the April natural gas contract was down nine cents at US$1.66 per mmBTU, the April gold contract was down US$6.00 at US$2,161.50 an ounce, and the May copper contract was up eight cents at US$4.12 a pound.
#S&p/tsxComposite #BaseMetals #U.s.Markets #StockIndex #Inflation #InterestRate #BankOfCanada #Copper #CanadianDollar #CrudeOil #NaturalGas #Gold
https://www.cambridgetoday.ca/national-business/sptsx-composite-ekes-out-gain-as-base-metals-rise-us-markets-down-8449509
==========
Canada's main stock index, the S&P/TSX composite, closed up 19.30 points at 21,849.15 as base metals rose. The U.S. stock markets, however, were down, with the Dow Jones industrial average down 190.89 points at 38,714.77, the S&P 500 index down 33.39 points at 5,117.09, and the Nasdaq composite down 155.36 points at 15,973.17. The week saw a lot of economic data, particularly on inflation, which had mixed results. The University of Michigan reported that consumer sentiment fell unexpectedly in March. The markets also experienced higher volumes and volatility due to the "triple witching," a day when derivative contracts, index options, and futures all mature at once. Next week, all eyes will be on the U.S. Federal Reserve's interest rate decision. The Bank of Canada may be more likely to cut rates in June than the Fed. The TSX performed better than its peers due to strength in copper, which rose in price after news of potential copper production cuts in China. The Canadian dollar traded at 73.89 cents US, while the May crude oil contract was down 16 cents at US$80.58 per barrel, the April natural gas contract was down nine cents at US$1.66 per mmBTU, the April gold contract was down US$6.00 at US$2,161.50 an ounce, and the May copper contract was up eight cents at US$4.12 a pound.
#S&p/tsxComposite #BaseMetals #U.s.Markets #StockIndex #Inflation #InterestRate #BankOfCanada #Copper #CanadianDollar #CrudeOil #NaturalGas #Gold
https://www.cambridgetoday.ca/national-business/sptsx-composite-ekes-out-gain-as-base-metals-rise-us-markets-down-8449509