U.S. stocks edged lower as investors navigated a mix of rising oil prices, corporate earnings signals, and shifting expectations around Federal Reserve policy. The Dow, S&P 500, and Nasdaq all turned down after early gains, reflecting a market grappling with geopolitical tensions and inflation concerns. Indexes Pull Back All three major indexes slipped roughly between 0.3% and 0.6%, giving back some of the previous session’s momentum. The downturn followed renewed volatility in energy markets and cautious sentiment around consumer spending. Oil Prices Add Fresh Pressure Crude prices extended their sharp rally, driven by heightened worries over a potential U.S.–Iran conflict. Brent crude climbed above $71 per barrel, while West Texas Intermediate hovered near $66 — its biggest daily jump since October. Rising energy costs revived inflation concerns and weighed on equities. Walmart Earnings in Focus Walmart posted stronger‑than‑expected results, but its cautious pro...
The Greater Toronto Area (GTA) is under a winter weather travel advisory as a storm is expected to dump up to 10 cm of snow.
Environment Canada has issued travel advisories for nearly the whole Golden Horseshoe, with snow expected to start falling in the late afternoon or early evening. Winds of up to 70 km/h mixed with the falling snow could significantly reduce visibility for drivers.
The snow is expected to transition to rain later tonight or early Saturday morning as temperatures rise above freezing. The TTC says it will deploy extra employees and maintenance vehicles through the transit system to spread salt, clear snow from surfaces, and keep signals, switches and overhead power operating in the event of the storm on Friday.
Comments
Post a Comment