U.S. equity markets climbed on Monday as investors monitored actions by regulators in the Financials sector and fluctuations in the Information Technology sector. By the close, the Dow gained 195, the S&P 500 rose by 7, while the Nasdaq lost 55 points. In Canada, the TSX added 123 points with support of Energy sector.
On Tuesday, U.S. equity markets ended lower ahead of a week where investors will parse through economic data, including the Personal Consumption Expenditures Price Index. By the day’s close, the Dow lost 38 points, the S&P 500 fell by 6, and the Nasdaq dropped 53. In Canada, the TSX advanced by 33 points.
North American markets rose on Wednesday as market observers awaited the latest U.S. inflation data and considered the potential path of interest rates. The Dow climbed 323 points by close, while the S&P 500 rose 57 and Nasdaq gained 210 points, respectively. In Canada, the TSX saw a 180-point rise helped by Information Technology and Health Care sector.
On Thursday, U.S. equities advanced as unemployment application claims in the U.S. grew for the first time in three weeks, suggesting the labour market might be slowing. By the end of trading, the Dow climbed 141 points, while the S&P 500 and Nasdaq gained 23 and 87 points, respectively. In Canada, the TSX rose by 103 points.
source https://rosenbergdri.ca/investors-await-key-economic-data/
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