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

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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Oil plunge drags down S&P/TSX composite, as tech stocks also take a hitFalling energy prices tugged Canada’s main stock index downward on Tuesday as producers responded to developments in the Middle East and China. The S&P/TSX composite index dipped by 32.09 points to 24,439.08. The 4.
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