Advertisement
Canada markets closed
  • S&P/TSX

    23,956.82
    -77.01 (-0.32%)
     
  • S&P 500

    5,738.17
    -7.20 (-0.13%)
     
  • DOW

    42,313.00
    +137.89 (+0.33%)
     
  • CAD/USD

    0.7401
    -0.0025 (-0.33%)
     
  • CRUDE OIL

    68.64
    +0.97 (+1.43%)
     
  • Bitcoin CAD

    89,336.34
    +930.61 (+1.05%)
     
  • XRP CAD

    0.80
    +0.00 (+0.47%)
     
  • GOLD FUTURES

    2,680.80
    -14.10 (-0.52%)
     
  • RUSSELL 2000

    2,224.70
    +14.83 (+0.67%)
     
  • 10-Yr Bond

    3.7490
    -0.0420 (-1.11%)
     
  • NASDAQ

    18,119.59
    -70.70 (-0.39%)
     
  • VOLATILITY

    16.96
    +1.59 (+10.34%)
     
  • FTSE

    8,320.76
    +35.85 (+0.43%)
     
  • NIKKEI 225

    39,829.56
    +903.93 (+2.32%)
     
  • CAD/EUR

    0.6625
    -0.0016 (-0.24%)
     

Enphase, First Solar, and More Solar Stocks Shine After the Fed Cuts Interest Rates

Enphase, First Solar, and More Solar Stocks Shine After the Fed Cuts Interest Rates

Following signals that the labor market is softening and inflation is cooling, the Fed lowered interest rates by a half percentage point on Wednesday. One standout sector was solar stocks. Demand for solar panels has taken a hit amid increased interest rates and inflationary pressures.