Global News on Nostr: TSX down more than 150 points as oil falls, U.S. stock markets mixed ========== The ...
TSX down more than 150 points as oil falls, U.S. stock markets mixed
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The S&P/TSX composite index closed down 152.43 points at 22,116.69. In New York, the Dow Jones industrial average was down 115.29 points at 38,571.03. The S&P 500 index was up 5.89 points at 5,283.40, while the Nasdaq composite was up 93.65 points at 16,828.67. A new report found the U.S. manufacturing industry slowed in May for the 18th time in 19 months. The Canadian and American economies have been slowly diverging, said Marks, in their data and in the subsequent expectations for interest rate cuts. The TSX energy index was down more than four per cent as a result. The drop was likely due to the news out of OPEC over the weekend, said Marks, and in particular a signal that in 2025 the OPEC Plus countries will begin phasing out the extra production cuts announced last year.
#Tsx #OilPrices #StockMarkets #EnergySector #InterestRates #Opec
https://globalnews.ca/news/10543109/tsx-june-3-2024/
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The S&P/TSX composite index closed down 152.43 points at 22,116.69. In New York, the Dow Jones industrial average was down 115.29 points at 38,571.03. The S&P 500 index was up 5.89 points at 5,283.40, while the Nasdaq composite was up 93.65 points at 16,828.67. A new report found the U.S. manufacturing industry slowed in May for the 18th time in 19 months. The Canadian and American economies have been slowly diverging, said Marks, in their data and in the subsequent expectations for interest rate cuts. The TSX energy index was down more than four per cent as a result. The drop was likely due to the news out of OPEC over the weekend, said Marks, and in particular a signal that in 2025 the OPEC Plus countries will begin phasing out the extra production cuts announced last year.
#Tsx #OilPrices #StockMarkets #EnergySector #InterestRates #Opec
https://globalnews.ca/news/10543109/tsx-june-3-2024/