S&P/TSX composite up 100 points, U.S. stock markets mixed after Nvidia earnings

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TORONTO — Canada's main stock index gained 100 points Thursday, led by gains in energy, technology and financials, while U.S. stock markets fizzled to a mixed close following earnings from Nvidia. The S&P/TSX composite index closed up 100.

TORONTO — Canada's main stock index gained 100 points Thursday, led by gains in energy, technology and financials, while U.S. stock markets fizzled to a mixed close following earnings from Nvidia.In New York, the Dow Jones industrial average was up 243.63 points at 41,335.05. The S&P 500 index was down 0.22 points at 5,591.96, while the Nasdaq composite was down 39.60 points at 17,516.43.

The results didn’t appear to meet the high bar set for the company, said Pierre-Benoît Gauthier, vice-president of investment strategy at IG Wealth Management.“But the expectation for this company is to blow minds quarter after quarter, and it’s clearly not going to happen.” “Anyone taking profits from Nvidia right now is putting them elsewhere, and today was a great example of that,” he said.

 

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