North American equity markets ended the session relatively flat on Monday. Actions by regulators over the weekend helped alleviate investor concerns about the U.S. banking system following the failure of First Republic Bank. By the close, the Dow lost 46 points, the S&P 500 fell by 2 points, while the Nasdaq lost 14 points. In Canada, the TSX finished 21 points lower, with Energy the weakest-performing sector.
On Tuesday, U.S. equity markets fell as investors awaited the U.S. Federal Reserve Board’s interest-rate decision while weighing U.S. Treasury Secretary Janet Yellen’s comments that the U.S. could reach its debt ceiling by June. By the day’s close, the Dow lost 367 points, the S&P 500 dropped by 48 points, and the Nasdaq dropped 55 points. In Canada, the TSX fell by 208 points, weighed down by the Energy and Real Estate sectors.
North American markets finished lower on Wednesday after the U.S. Federal Reserve Board raised interest rates by 25 basis points, the tenth consecutive rate increase. Fed Chair Jerome Powell said that the recent instability in the Financials sector may lead to tighter lending standards that impact hiring and inflation. The Dow lost 270 points by the close, the S&P 500 fell by 29 points, and the Nasdaq declined by 55 points. In Canada, the TSX saw a 53-point fall, with Health Care the strongest performing sector on the day, while Consumer Discretionary was the weakest.
U.S. equity markets ended Thursday’s trading day lower as investors remained cautious about the health of the Financials sector. In Europe, the European Central Bank raised its interest rates by 25 basis points. By the close, the Dow declined by 287 points, the S&P 500 declined by 30 points, and the Nasdaq by 59 points. In Canada, the TSX fell 116 points.
source https://rosenbergdri.ca/corporate-earnings-influence-investors-decisions-2/
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