By Ketki Saxena
Investing.com -- Canada's main stock index, the S&P/TSX Composite index tracked Wall Street lower after a strong start to the day on robust NVIDIA (NASDAQ:NVDA) earnings, with focus now turning to the US Federal Reserve's symposium in Jackson Hole, Wyoming, for indications on the U.S. interest rates outlook.
Interest rate-sensitive growth stocks, including tech and healthcare, bore the brunt of the decline.
Toronto Stock Market News
RBC (TSX:RY) saw net income total $3.9 billion or $2.73 a share, compared with $3.58 billion, or $2.51 a share the year prior. On an adjusted basis, earnings rose over 11% to $2.84 a share. Total revenue climbed 19% to $14.49 billion from $12.13 billion.
TD (TSX:TD) reported earnings of $3 billion and adjusted earnings at $3.7 billion, while adjusted EPS totaled $1.99, down from $2.09 in Q3 2022. Revenue totaled $12.78 billion, up from $10.93 billion in the same quarter last year.
BCE (TSX:BCE) Inc. shares rose after brokerage National Bank of Canada (TSX:NA) upgraded the stock.
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In Canadian Economics
Preliminary data from Statistics Canada showed that Canadian factory sales most likely rose 0.7% in July from June, driven by increases in the petroleum and coal products, food, and primary metal subsectors.