Wall Street's main indexes were mixed on Tuesday as traders returned from a holiday-extended weekend, with the focus on key inflation data later in the week that could influence expectations for the Federal Reserve's rate-cut path. The possibility that the world's most influential central bank could kick off interest-rate cuts this year has sent Wall Street on a record-breaking rally since late 2023, with the Nasdaq and S&P 500 marking their fifth straight week of gains on Friday. However, expectations for the timing of rate cuts have see-sawed, with policymakers wary as the data still reflects sticky inflation.
Canada s main stock index fell on
Tuesday, including declines for industrial and financial shares,
as worries that interest rates would stay elevated for longer
than previously thought prompted. -May 28, 2024 at 04:19 pm EDT
- MarketScreener
The UK s benchmark index FTSE 100 was
flat on Friday as gains in the personal goods sector were offset
by losses in travel shares, while investors awaited comments
from Bank of England s monetary.