Canada’s TSX Pushes to Records Despite Higher CPI, Dow DJIA Slips on Bond Jitters

Today's US markets were volatile due to uncertainty and the IT sector's weakness; the Dow and Nasdaq closed the day lower, while the TSX...

Despite hawkish BOC, Canadian S&P/TSX ended another day higher

Quick overview

  • US markets experienced declines today, with the Dow and Nasdaq ending in the red due to uncertainty and weakness in the tech sector.
  • Concerns over President Trump's tax plan and its potential fiscal impact unsettled bond markets ahead of an upcoming House vote.
  • The tech sector showed mixed results, with notable declines in semiconductors and major tech stocks like Oracle and Microsoft.
  • In contrast, Canada's S&P/TSX Composite Index closed higher, buoyed by gains in energy and financial stocks despite rising inflation.

Today’s US markets were volatile due to uncertainty and the IT sector’s weakness; the Dow and Nasdaq closed the day lower, while the TSX ended the day up 3%.

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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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