U.S. stocks edged lower as investors navigated a mix of rising oil prices, corporate earnings signals, and shifting expectations around Federal Reserve policy. The Dow, S&P 500, and Nasdaq all turned down after early gains, reflecting a market grappling with geopolitical tensions and inflation concerns. Indexes Pull Back All three major indexes slipped roughly between 0.3% and 0.6%, giving back some of the previous session’s momentum. The downturn followed renewed volatility in energy markets and cautious sentiment around consumer spending. Oil Prices Add Fresh Pressure Crude prices extended their sharp rally, driven by heightened worries over a potential U.S.–Iran conflict. Brent crude climbed above $71 per barrel, while West Texas Intermediate hovered near $66 — its biggest daily jump since October. Rising energy costs revived inflation concerns and weighed on equities. Walmart Earnings in Focus Walmart posted stronger‑than‑expected results, but its cautious pro...
TSX Climbs Following Bank of Canada's Rate Cut
Canada's main stock index, the S&P/TSX Composite, continued its upward trajectory today, buoyed by the Bank of Canada's decision to reduce interest rates. The index rose by 95.91 points, or 0.38%, reaching 25,600.24 points.
Investors welcomed the rate cut, which is expected to lower borrowing costs and stimulate economic activity. The move comes amid concerns about sluggish economic growth, despite inflation remaining within the target range.
The materials sector, particularly mining stocks, saw significant gains, contributing to the overall positive market sentiment. Additionally, oil prices rose on expectations of increased demand from China, which announced a relaxation of its monetary policy.
Analysts remain optimistic about the TSX's performance, with some predicting continued growth into the next year.
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