S&P/TSX composite up as energy stocks rise, U.S. stock markets mixed

TORONTO — Canada's main stock index rose Monday, helped by strength in the energy sector as the price of oil also climbed, while U.S. markets were mixed.

Last week began with a frenzied selloff before markets almost entirely recovered throughout the course of the week, thanks to a Thursday rally that was Wall St.’s best day since 2022. South of the border, the Nasdaq slightly outperformed its Wall St. peers, ticking higher while the Dow moved lower and the S&P 500 was flat.

This week will bring more economic data on retail sales and inflation in the U.S., as well as earnings from some major retailers, said Zechner.

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S&P/TSX composite down nearly 300 points, U.S. stocks rebound after plunge MondayThe dramatic stock market losses in recent days were unexpected, but one Canadian portfolio manager says investors should refrain from interpreting them as a sign that the North American economy is tipping into recession.
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S&P/TSX composite down nearly 300 points, U.S. stocks rebound after plunge MondayThe dramatic stock market losses in recent days were unexpected, but one Canadian portfolio manager says investors should refrain from interpreting them as a sign that the North American economy is tipping into recession.
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