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Stock impact report

CANADA STOCKS-TSX ends higher as investors eye path to Fed rate cuts [Yahoo! Finance]

Energy Fuels Inc Ordinary Shares (Canada) (UUUU) 
NASDAQ:AMEX Investor Relations: energyfuels.com/investors
Company Research Source: Yahoo! Finance
Uranium miners rally (Updates at market close) By Fergal Smith May 1 (Reuters) - Canada's main stock index ended higher on Wednesday, helped by gains for financial and technology shares, as the Federal Reserve signaled it could still cut interest rates in 2024. The Toronto Stock Exchange's S&P/TSX composite index ended up 14.01 points, or 0.1%, at 21,728.55, with the index closing well below its session high. U.S. stocks closed mixed after the Fed left its key interest rate unchanged, as expected, but indicated that its next move will probably be to cut rates. "The main takeaway from today's meeting is that the Fed expects the elevated inflation readings we saw in Q1 to pass, and implicitly still see a path to cutting rates this year," Ali Jaffery, a senior economist at CIBC Capital Markets, said in a note. The heavily-weighted financials sector rose 0.6% and technology was up 0.5%. The high-dividend paying utilities sector, which could particularly benefit from rate cu Show less Read more
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