US EditionS&P/TSX composite up more than 200 points as expectations rise for Fed rate cut
- Canada’s primary stock market advanced by 205.03 points to reach 25,897.48, continuing over a month of consistent upward momentum.
- This rise followed mixed U.S. Economic reports showing slower consumer spending, easing inflation, and continued manufacturing contraction.
- The Canadian index gain was supported by strength in industrial, telecommunication, and utility sectors, while most U.S. Stocks also edged higher amid trade war tensions.
- Managing director Anish Chopra noted that if economic growth in the U.S. Slows and inflation decreases, it could prompt the Federal Reserve to reduce interest rates before the end of the year, which would likely boost confidence in the markets.
- This suggests that despite continuing tariff-related challenges, including higher costs for companies like Walmart, traders expect a Federal Reserve rate cut, which tends to support stock prices.
11 Articles
11 Articles
S&P/TSX composite up more than 200 points hitting record close, U.S. stock markets mixed
Economic numbers out of the United States helped boost Canada’s main stock index more than 200 points on Thursday, as most U.S. stocks drifted upward amid the jumble of mixed reports that showed varied ripple effects from President Donald Trump’s trade war.
S&P/TSX composite up more than 200 points as expectations rise for Fed rate cut
Economic numbers out of the United States helped boost Canada’s main stock index more than 200 points on Thursday, as most U.S. stocks drifted upward amid the jumble of mixed reports that showed varied ripple effects from President Donald Trump’s trade war. The figures south of the border showed consumers are spending less on retail, […]
Stocks Finish Higher on Fed Rate Cut Hopes
The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.41%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.08%. June E-mini S&P futures (ESM25 ) are up +0.48%, and June E-mini Nasdaq futures...
Coverage Details
Bias Distribution
- 75% of the sources lean Left
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
