20:08:19 EDT Sun 28 Apr 2024
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Globe/CP say TSX, U.S. stocks tick lower

2024-03-27 07:34 ET - In the News

Also In the News (C-NVDA) Nvidia CDR (CAD Hedged)

The Globe and Mail reports in its Wednesday, March 27, edition that Canada's main stock index was slightly lower on Tuesday due to weakness in energy and base metals, while U.S. markets turned red after mostly drifting higher throughout the day. A Canadian Press dispatch to The Globe reports that a late-day drop for Nvidia dragged U.S. markets lower heading into the bell, as shares in the technology giant dropped 2.53 per cent. The S&P/TSX Composite Index closed down 29.76 points at 21,912.52. In New York, the Dow Jones industrial average was down 31.31 points at 39,282.33. The S&P 500 index was down 14.61 points at 5,203.58, while the Nasdaq composite was down 68.80 points at 16,315.70. Edward Jones stockpicker Craig Fehr says this week is like a "pit stop" for markets in between big economic news. He says investors are coming off of inflation data and a U.S. Federal Reserve interest rate decision, and will get fresh U.S. labour data next week. He adds, "I think markets are using it as an opportunity really to just consolidate and catch [their] breath before we add more data to the pile." Mr. Fehr says the mood in markets right now is generally positive, with the "path of least resistance" an upward one.

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