S&P/TSX composite posts small gain Monday, U.S. stock markets also up

TORONTO — Strength in the energy, technology and base metal sectors helped Canada's main stock index post a small gain on Monday, while U.S. stock markets also rose.In New York, the Dow Jones industrial average was up 69.05 points at 38,868.04. The S&P 500 index was up 13.80 points at 5,360.79, while the Nasdaq composite was up 59.40 points at 17,192.53.The July crude oil contract was up US$2.21 at US$77.74 per barrel and the July natural gas contract was down one cent at US$2.

The U.S. public’s outlook on the future path of inflation was mixed in May, according to a report on Monday from the Federal Reserve Bank of New York. The bank found that as part of its monthly survey on the state of consumer expectations that the public believes inflation a year from now will be 3.2% compared with April’s expectation of 3.3%, while three years from now expected inflation held steady at 2.8%. The survey also found that the expected rise in home prices held steady at 3.

Shares of Nvidia are trading lower after the chip giant executed a 10-for-1 stock split. Bokeh Capital Partners Founder and CIO Kim Forrest joins Catalysts to discuss the move and Nvidia's position in the overall AI landscape. "I'm always cautious because we're assuming that, by the current price and the current thought behind Nvidia, that this company is going to rule AI forever and ever... I don't believe that. I believe that the huge margins are going to be attractive.

-- Wall Street’s most prominent trading desks from JPMorgan Chase & Co. to Citigroup Inc. are urging investors prepare for a stock market jolt this week after the latest inflation print and the Federal Reserve’s interest-rate decision, both of which arrive on Wednesday.

-- Oil rose 3% to settle near $78 a barrel, recouping losses from last week’s selloff as traders piled back into the commodity.

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S&P/TSX composite posts small gain Monday, loonie also higherTORONTO — Canada's main stock index posted a small gain Monday, helped by strength in energy and industrial stocks. The S&P/TSX composite index closed up 52.51 points at 22,373.38. With U.S.
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S&P/TSX composite posts small gain Monday, loonie also higherTORONTO — Canada's main stock index posted a small gain Monday, helped by strength in energy and industrial stocks.
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