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Tech stocks help lift S&P/TSX composite Wednesday, U.S. stock markets mixed

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TORONTO — Canada's main stock index climbed higher Wednesday, led by strength in technology stocks, while U.S. markets were mixed, hovering around recent highs reached in the wake of the presidential election.

TORONTO — Canada's main stock index climbed higher Wednesday, led by strength in technology stocks, while U.S. markets were mixed, hovering around recent highs reached in the wake of the presidential election.In New York, the Dow Jones industrial average was up 47.21 points at 43,958.19. The S&P 500 index was up 1.39 points at 5,985.38, while the Nasdaq composite was down 50.66 points at 19,230.74.

The numbers were within expectations, said Nia: “It’s just showing the continued narrative that the U.S. Federal Reserve is winning against ... inflation.” “Markets like corporate taxes being cut. Markets like deregulation, and those are two staples of the Trump administration policy,” said Nia.“The reality is, the only certainty is that there’s going to be uncertainty.”

 

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