Mixed Stock Market Performance Amidst Rate Hike Speculations.
TL;DR Summary
The major stock market indexes closed mostly lower on Wednesday, with the Russell 2000 holding hefty gains and the Nasdaq down more than 1%. 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 worries. Energy stock Vista Energy hit an all-time high, while tech stocks like Yext and Netflix saw gains and losses respectively after reporting earnings. Dave & Buster's also saw a spike in stock prices after reporting better-than-expected Q1 earnings.
- Stock Market Closes Mixed With Small-Caps The Winner. Energy Stock Hits All-Time High. Investor's Business Daily
- Stock Market Today: Stocks Finish Mixed After Bank of Canada's Surprise Rate Hike Kiplinger's Personal Finance
- S&P 500's Climb Toward Bull Market Thwarted by Canada Rate Move The Wall Street Journal
- Tech Stocks Sputter as Traders Consider July Hike: Markets Wrap Yahoo Finance
- Asian shares stumble as traders sweat on Fed rates Reuters
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