S&P/TSX composite rises Tuesday, U.S. stocks also higher

TORONTO — Canada's main stock index rose Tuesday, led by energy and base metal stocks, while U.S. markets also moved higher, with the S&P 500 and the Dow again hitting new records.In New York, the Dow Jones industrial average was up 83.57 points at 42,208.22. The S&P 500 index was up 14.36 points at 5,732.93, while the Nasdaq composite was up 100.25 points at 18,074.52.

The move followed last week’s half-point interest rate cut from the U.S. Federal Reserve, which Locke said was a relief to investors. Not only are central banks including the Fed and the Bank of Canada cutting rates, they’re also indicating that more cuts are coming, said Locke.

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