Canada's main stock index took a breather Friday, closing down more than 100 points a day after setting a new all-time closing high. The S&P/TSX composite index closed down 103.18 points at 21,984.08. On Thursday, it closed at 22,087.
Canada's main stock index took a breather Friday, closing down more than 100 points a day after setting a new all-time closing high.On Thursday, it closed at 22,087.26, beating a previous record of 22,087.22 set in March 2022.
On Wall Street, U.S. stocks closed what has been the best week of the year so far with a quiet finish. The Dow Jones industrial average closed down 305.47 points at 39,475.90. The S&P 500 index was down 7.35 points at 5,234.18 a day after setting a new all-time closing high, while the Nasdaq composite was up 26.98 points at 16,428.82 to add to its record.
Before Friday's subdued session, markets had been buoyant in the wake of Wednesday's interest rate decision by the U.S. Federal Reserve, which indicated it still could cut rates three times this years.
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