TSX is plunging even deeper into the red than U.S. stocks today

TSX fell as worries about a global recession unnerved investors, with commodity\u002Dlinked energy and material stocks among big losers. Read on

Analysts now expect profit for S&P 500 companies to have risen 4.1 per cent in the third quarter from a year ago, compared with an 11.1 per cent increase expected at the start of July, according to Refinitiv data.

The International Monetary Fund cut its global growth forecast for 2023 and sees U.S. growth this year to be a meagre 1.6 per cent, a 0.7 percentage point downgrade from July, reflecting an unexpected second-quarter GDP contraction. Amid rising expectation of another big jump in borrowing costs, the yield on the benchmark 10-year U.S. Treasury note hit a day’s high of 4.006 per cent, while growth stocks recorded losses.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

nationalpost /  🏆 10. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Thunder Bay man charged with first degree murderRead the full story and comment on Tbnewswatch.com
Read more »

Lakehead to Host C2UExpo in 2023Read the full story and comment on Tbnewswatch.com
Read more »

Two Thunder Bay men and one from Dryden face weapons and drug chargesRead the full story and comment on Tbnewswatch.com
Read more »