The Canadian stock market took a hit today due to losses in the technology and energy sectors. Meanwhile, the US stock markets demonstrate mixed performance, with investors eagerly awaiting the US Federal Reserve’s upcoming decision on interest rates.
The S&P/TSX composite index dropped by 36.52 points to reach 21,191.35. In contrast, the Dow Jones industrial average in New York showed a slight increase of 35.98 points, standing at 38,503.29. On the other hand, the S&P 500 index experienced a decline of 37.44 points, closing at 4,887.53. The Nasdaq composite faced a significant setback, dropping by 205.94 points to reach 15,303.96.
Meanwhile, the Canadian dollar witnessed a minor improvement as it traded for 74.75 cents US, compared to 74.53 cents US on the previous day. This fluctuation further emphasizes the volatility of the market as traders closely monitor the economic conditions.
In terms of commodities, the March crude…
