Tech stocks help lead S&P/TSX composite higher, U.S. stock markets also rise

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Tech-sector gains helped Canada's main stock index rise more than 200 points in late-morning trading despite losses in the energy sector which fell as the price of oil pulled back.

In New York, the Dow Jones industrial average was up 615.74 points at 33,248.38. The S&P 500 index was up 93.28 points at 4,263.98, while the Nasdaq composite was up 371.08 points at 13,166.63.The April crude oil contract was down US$5.41 at US$118.29 per barrel and the April natural gas contract was up four cents at US$4.56 per mmBTU.

The April gold contract was down US$42.80 at US$2,000.50 an ounce and the May copper contract was down 10 cents at US$4.61 a pound.

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Nah they spending billions to short the vix

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