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Market Volatility: Stocks Flatten as Powell's Remarks Weigh on Gains

The stock market experienced a turbulent session on Wednesday, ultimately closing near flat after Federal Reserve Chair Jerome Powell's comments on monetary policy and inflation concerns. The S&P 500 ended nearly unchanged , giving back earlier gains as investors digested Powell’s remarks on the Fed’s stance regarding interest rates and economic restraint. Powell reiterated that the central bank remains cautious about inflation, particularly in light of tariff-driven price increases expected over the summer. While the Fed signaled that borrowing costs are likely to decline this year, the pace of future rate cuts appears to be slowing.  Following Powell’s speech, U.S. Treasury yields reversed their earlier declines , influencing market sentiment. The Dow Jones Industrial Average fell 43.83 points (0.10%) , while the Nasdaq Composite managed a slight gain of 23.66 points (0.12%).  Investors also kept a close eye on geopolitical developments, particularly tensions in the Midd...
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TSX Surges to New Heights, Extending Winning Streak to Nine Days

The Toronto Stock Exchange (TSX) continues its impressive rally, closing at yet another record high as its winning streak stretches to nine consecutive trading days. The benchmark S&P/TSX Composite Index rose 0.3%, adding 74.4 points to settle at 25,971.9. 

This latest surge marks a 2.4% weekly gain, reinforcing investor optimism amid strong performances across multiple sectors. Healthcare led the charge with a 1.2% increase, while Basic Materials saw a slight dip of 0.2%. 

Market analysts attribute the sustained momentum to robust corporate earnings, stable commodity prices, and easing trade tensions. With 74% of TSX-listed stocks closing higher, the bullish sentiment remains strong, fueling expectations for continued growth in the coming weeks. 

Investors will be watching closely to see if the TSX can maintain its upward trajectory and extend its streak into double digits.

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