North American equity markets finished higher on Monday as investors considered mixed financial results from financial institutions, with more earnings results expected this week. By the close, the Dow gained 101, the S&P 500 rose by 14 points, while the Nasdaq gained 34 points. In Canada, the TSX added 62 points led by the Health Care sector.
On Tuesday, U.S. equity markets ended mixed as investors considered the potential impact of more rate increases by the U.S. Federal Reserve Board (“Fed”). By the day’s close, the Dow lost 11 points, the S&P 500 gained 4, and the Nasdaq dropped 4. In Canada, the TSX gained 43 points.
North American markets finished mixed again on Wednesday as investors parsed through corporate earnings reports and economic data to predict how far the Fed will lift rates. The Dow lost 80 points by close, while the S&P 500 ended flat and Nasdaq rose by 4 points, respectively. In Canada, the TSX saw a 4-point fall led by the Materials sector.
U.S. equity markets fell on Thursday due to weak economic reports, which caused concerns about global economic activity. By the close, the Dow lost 110, the S&P 500 fell by 25, while the Nasdaq shredded 98 points. In Canada, the TSX lost 50 points propelled by weakness in the Energy sector.
North American Indexes end the week mixed
For the four trading days covered in this report, the Dow lost 100 points to close at 33,787, the S&P 500 fell by 8 points to settle at 4,130, while the tech-heavy Nasdaq dropped 64 points to close at 12,060. In Canada, the TSX climbed 51 points to end at 20,631.
source https://rosenbergdri.ca/financial-results-dictate-investor-sentiment/
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