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Tech Jitters and Fed Uncertainty Weigh on Markets

U.S. stocks slipped as a pivotal week began, with investors bracing for a wave of Big Tech earnings and the Federal Reserve’s upcoming policy decision. The Dow, S&P 500, and Nasdaq all edged lower, reflecting a cautious mood across markets. The pullback follows a choppy stretch for equities, as major indexes have struggled to regain momentum amid shifting expectations for interest‑rate cuts and ongoing geopolitical concerns. Tech stocks, in particular, have been under pressure after consecutive weekly declines, raising the stakes for earnings reports from industry giants. Apple, Microsoft, Meta, and Tesla are all set to report in the coming days, and their results could determine whether the sector reclaims leadership or continues to drag on broader market performance. With the Fed meeting approaching, traders are looking for clarity on the central bank’s rate‑cut timeline. Until then, many appear content to stay on the sidelines as uncertainty hangs over the week ahead.
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S&P/TSX Composite Slips as U.S. Markets Surge

 

In a mixed start to the week, Canada’s main stock index, the S&P/TSX composite, dipped slightly, shedding 51.22 points to close at 21,587.88. Meanwhile, U.S. markets continued their ascent, with the Dow Jones industrial average gaining 188.94 points, reaching 38,778.10. The S&P 500 index also rose by 41.63 points to 5,473.23, and the Nasdaq composite climbed 168.14 points to 17,857.02.

Investors on both sides of the border are adjusting to recent interest rate decisions by the U.S. Federal Reserve and the Bank of Canada. While the TSX experienced some losses, optimism remains, buoyed by positive housing starts data in Montreal and Toronto.

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