S&P/TSX composite ticks lower Tuesday, U.S. markets also take a dip

TORONTO — Canada's main stock index was down almost 30 points Tuesday, led by weakness in energy and base metals, while U.S. markets also moved into the red after drifting higher for most of the day.

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 said. As the end of the quarter nears, you often see some rebalancing and repositioning on the markets, he added, leading to short-term moves. “In the absence of some sort of negative news, I would say the market ... seems comfortable to drift slightly higher. And in the presence of good news, the market is happy to rally,” he said.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canada's S&P/TSX Composite sets new closing highCanada’s equities benchmark index closed at a new all-time high Thursday on the backs of bank stocks, surging commodity prices and a rally in the country’s growing tech sector.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,912.52, down 29.76 points): Toronto-Dominion Bank. (TSX:TD). Finance. Up eight cents, or 0.10 per cent, to $81.04 on 16.
Source: SooToday - 🏆 8. / 85 Read more »