TORONTO — Canada's main stock index lost almost 300 points Tuesday in a broad-based decline led by energy and base metals, while U.S. markets also slid ahead of the central bank's upcoming interest rate decision.
It was the U.S. market’s worst month since September, with the S&P 500 down 1.6 per cent, the Dow down 1.5 per cent, and the Nasdaq losing two per cent. The resilience of the labour markets makes the last leg of the inflation fight more difficult, said Schonwetter. As earnings continue to roll in, investors are particularly looking for companies’ guidance on the months ahead, said Schonwetter, noting the vastly different market reactions to Meta’s latest earnings report compared with Google parent Alphabet Inc. and Microsoft.
Source: Energy Industry News (energyindustrynews.net)
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