News Formal

Energy stocks help nudge S&P/TSX composite higher as indexes ‘tread some water’

  • 📰 SooToday
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 85%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Energy equities nudged up Canada’s main stock index on Tuesday, balancing out a slight drop in the technology and industrial sectors. The S&P/TSX composite index closed up 23.42 points at 21,611.30.

Energy equities nudged up Canada’s main stock index on Tuesday, balancing out a slight drop in the technology and industrial sectors.In New York, the Dow Jones industrial average was up 56.76 points at 38,834.86. The S&P 500 index was up 13.80 points at 5,487.03, while the Nasdaq composite stayed virtually flat with a 5.21-point increase to 17,862.23.

Nasdaq-listed Nvidia, the maker of computer chips that can power AI, passed Microsoft to become the most valuable U.S. company at over $3 trillion. However, the softer demand may ease pressure on consumer prices, “which allows the Bank of Canada to continue on with rate cuts and allows the to potentially execute its first rate cut this year,” Fehr said.

“We've seen a little bit of weakness more recently as well in cyclical areas like energy and financials, which is where the TSX is more heavily weighted.”

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 8. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Energy stocks help nudge S&P/TSX Composite higher, U.S. stock markets mixedStrength in the energy sector helped Canada's main stock index inch higher on Tuesday as the price of oil moved up.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

S&P/TSX composite down as energy and base metal stocks fall, U.S. markets also lowerTORONTO — Canada's main stock index was down more than 100 points Wednesday, weighed down by losses in base metal and energy stocks, while U.S. stock markets...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

S&P/TSX composite down as energy and base metal stocks fall, U.S. markets also lowerTORONTO — Canada's main stock index was down more than 100 points Wednesday, weighed down by losses in base metal and energy stocks, while U.S. stock markets also moved lower ahead of after-market earnings from Nvidia.
La source: BurnabyNOW_News - 🏆 14. / 77 Lire la suite »