He called this an 'economic soft patch' and wasn't jumping to recession talk.

'The stock market is up because the slowdown in the economy is interpreted as less need for significantly more restrictive policy and rate increases,' said Mike Archibald, vice-president and portfolio manager with AGF Investments Inc., in an interview. Thursday also helped push the market higher, even though it showed the economy shrank for a second straight quarter, at an annual rate of 0.9 per cent, after a 1.6 per cent decline in the first quarter. The S&P 500 index gained 48.82 points at 4,072.43, while the Nasdaq composite was up 130.17 points at 12,162.59. In New York, the Dow Jones industrial average was up 332.04 points at 32,529.63. The S&P/TSX composite index closed up 202.15 points at 19,456.71, with energy, industrials and utilities leading the way. stock markets closing in positive territory as well, as momentum continued following a three-quarters of a percentage point rate hike out of the U.S. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies)Ĭalendars and Economy: 'Actual' numbers are added to the table after economic reports are released.TORONTO - Canada's main stock exchange ended the trading day up over 200 points, with U.S. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.Ĭryptocurrencies: Cryptocurrency quotes are updated in real-time.

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