S&P/TSX and U.S. markets gain slightly, new records set, awaiting earnings and Fed minutes.

From Yahoo Finance: 2024-05-21 16:24:46

Canadian and U.S. stock markets saw modest gains, with the S&P/TSX composite index closing up slightly in Toronto. In New York, the Nasdaq and S&P 500 reached new closing records, and the Dow Jones industrial average saw a small increase. Earnings from Nvidia and Federal Reserve meeting minutes were awaited anxiously, indicating a future focus on AI and potential interest rate cuts depending on inflation data. Canadian dollar slightly lower at 73.27 cents US, with crude oil and gold prices shifting slightly. Interest rates cut may be delayed until later in the year, with Bank of Canada closely monitoring U.S. Federal Reserve policy.



Read more at Yahoo Finance: S&P/TSX composite ekes out gain Tuesday, U.S. stock markets climb higher