The S&P 500 and Nasdaq eked out record closing highs on Tuesday, with tech-related shares extending recent gains as investors awaited further jobs data. The S&P/TSX Composite Index ended higher, but not quite enough to capture another record closing high, with gains for resource shares offsetting disappointing results from Bank of Nova Scotia. The Dow finished slightly lower.
Marketwatchers also digested reassuring comments from Federal Reserve policymakers. Two policymakers said they see inflation heading down to the U.S. central bank’s 2% target and that the job market is “solid.”
They stayed away from signaling whether they would support another interest rate cut later this month. On Monday, Fed Governor Christopher Waller said he was inclined “at present” to support another rate cut this month.
Investors will pay close attention to the U.S. monthly employment report on Friday. They also are keen to see other U.S. data…
