Canada's main stock index inched higher during afternoon trading, while U.S. stock markets were mixed on the final trading day of what has been a difficult month for stock markets.
The United Auto Workers expanded its strike against General Motors Co. and Ford Motor Co. to more assembly plants, but the union spared Jeep maker Stellantis NV from additional walkouts after a last minute breakthrough.
Morgan Stanley, Barclays Capital Inc. and DRW Securities LLC won dismissal of a lawsuit accusing them and others of manipulating the VIX index in 2018, causing hundreds of millions of dollars in losses to investment funds that bought options contracts tied to the widely watched benchmark.
Federal Reserve Bank of New York President John Williams suggested that the US central bank may be done raising interest rates, though he said policymakers would keep them high for “some time” to bring inflation down to the central bank’s 2% goal.
The S&P 500 reversed an advance as traders contemplated strikes, the prospect of a government shutdown and interest rates staying put at the highest rate in decades.
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