TORONTO — Canada's main stock index climbed on Monday amid an “optimistic” late summer mood, while U.S. stock markets also gained.In New York, the Dow Jones industrial average was up 236.77 points to 40,896.53. The S&P 500 index increased 54.00 points to 5,608.25, while the Nasdaq composite closed 245.05 points higher at 17,876.77.
“Since then the market seems to be evening out. There’s been strength across many different industries.” The S&P 500 rallied one per cent for its eighth straight gain, clinching its longest winning streak since November. North of the border, a boost in the TSX's financial segment also saw stocks “playing some catch-up,” Stelmach said.The energy sector sagged slightly on Monday, but the sector was trading eight per cent higher on average than two weeks earlier.