Global News on Nostr: S&P/TSX composite gains almost 200 points, U.S. markets mixed ========== The S&P/TSX ...
S&P/TSX composite gains almost 200 points, U.S. markets mixed
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The S&P/TSX composite index closed up 197.41 points at 22,269.12. In New York, the Dow Jones industrial average was up 574.84 points at 38,686.32. The S&P 500 index was up 42.03 points at 5,277.51, while the Nasdaq composite was down 2.06 points at 16,735.02. U.S. markets pulled up near the end of the day after the S&P 500 and Nasdaq spent most of the day in the red. The latest reading on U.S. inflation, the Personal Consumption Expenditures index, came in about as expected Friday. The report doesn’t change expectations for interest rate cuts in the U.S. in either direction. In Canada, the latest GDP report was softer than expected, and also saw the fourth quarter revised lower. The Canadian dollar traded for 73.33 cents US compared with 73.11 cents US on Thursday. The July crude contract was down 92 cents at US$76.99 per barrel and the July natural gas contract was up two cents at US$2.59 per 1,000 cubic feet. The August gold contract was down US$20.70 at US$2,345.80 an ounce and the July copper contract was down six cents at US$4.60 a pound.
#S&p/tsxComposite #StockMarket #UsMarkets #Gdp #Inflation #InterestRateCuts #CanadianDollar #CrudeOil #NaturalGas #Gold #Copper
https://globalnews.ca/news/10538093/sp-tsx-composite-may-31-2024/
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The S&P/TSX composite index closed up 197.41 points at 22,269.12. In New York, the Dow Jones industrial average was up 574.84 points at 38,686.32. The S&P 500 index was up 42.03 points at 5,277.51, while the Nasdaq composite was down 2.06 points at 16,735.02. U.S. markets pulled up near the end of the day after the S&P 500 and Nasdaq spent most of the day in the red. The latest reading on U.S. inflation, the Personal Consumption Expenditures index, came in about as expected Friday. The report doesn’t change expectations for interest rate cuts in the U.S. in either direction. In Canada, the latest GDP report was softer than expected, and also saw the fourth quarter revised lower. The Canadian dollar traded for 73.33 cents US compared with 73.11 cents US on Thursday. The July crude contract was down 92 cents at US$76.99 per barrel and the July natural gas contract was up two cents at US$2.59 per 1,000 cubic feet. The August gold contract was down US$20.70 at US$2,345.80 an ounce and the July copper contract was down six cents at US$4.60 a pound.
#S&p/tsxComposite #StockMarket #UsMarkets #Gdp #Inflation #InterestRateCuts #CanadianDollar #CrudeOil #NaturalGas #Gold #Copper
https://globalnews.ca/news/10538093/sp-tsx-composite-may-31-2024/