Stock Market Closes Mixed With Small-Caps The Winner. Energy Stock Hits All-Time High
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The major stock market indexes closed mostly lower on Wednesday, with the Russell 2000 holding hefty gains and the Nasdaq down more than 1%. Investors found a new reason to worry about rate hikes.
The Bank of Canada unexpectedly raised its interest rate a quarter point on its overnight rate to 4.75% from 4.50%, on higher-than-expected consumer spending that sparked inflation…
This story from investors.com was posted on 2023-06-08 by @moonwhisper.