North American equity markets finished mixed on Monday as investors considered the U.S. Federal Reserve Board’s (Fed) next steps and the likelihood of a recession. By the close, the Dow lost 56 points, the S&P 500 went up by 2 points, while the Nasdaq gained 22 points. In Canada, the TSX finished 43 points higher, with Information Technology as the strongest-performing sector.
On Tuesday, U.S. equity markets fell as investor sentiment worsened with the U.S. debt ceiling impasse and declining trade activity in China. By the day’s close, the Dow lost 57 points, the S&P 500 dropped by 19 points, and the Nasdaq dropped 77 points. In Canada, the TSX went up slightly by 0.6 points, benefiting from the strong performance of the Energy sector.
North American markets finished mixed on Wednesday. Despite a slowdown in U.S. inflation that raised expectations that the Fed would pause interest rate hikes, investors still took a cautious approach. Easing food price growth and falling energy prices drove the slowdown. The Dow lost 30 points by the close, the S&P 500 went up by 18 points, and the Nasdaq increased by 127 points. In Canada, the TSX saw an 86-point fall, weighed down by the Materials sector.
U.S. equity markets ended Thursday’s trading day lower as investors considered the potential for a global recession. In Europe, the European Central Bank raised its interest rates by 25 basis points. By the close, the Dow declined by 222 points, the S&P 500 declined by 7 points, and the Nasdaq increased by 22 points. In Canada, the TSX fell 82 points.
source https://rosenbergdri.ca/corporate-earnings-influence-investors-decisions/
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