TORONTO – Canada’s main stock index slumped again on Thursday, dragged lower by losses in sectors like industrials and real estate, while U.S. markets rose a day after one of their worst declines of the year.
The S&P/TSX composite index was down 143.06 points at 24,413.94.
In New York, stocks recovered a portion of their losses from Wednesday after the latest comments from the U.S. Federal Reserve about the pace of future interest rate cuts.
The Dow Jones industrial average was up 15.37 points at 42,342.24. The S&P 500 index was down 5.08 points at 5,867.08, while the Nasdaq composite was down 19.93 points at 19,372.77.
“There’s still some caution after yesterday’s outsized move,” said Angelo Kourkafas, senior investment strategist at Edward Jones.
“Markets are still dealing with the aftermath…
