Canada's main stock index posts small loss Monday, U.S. stocks mixed amid tech gains

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 99%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Canada's main stock index posted a small loss Monday amid broad-based weakness, while U.S. markets were mixed as the tech-focused Nasdaq gained almost 1.6 per cent.

In New York, the Dow Jones industrial average was down 36.97 points at 34,463.69. The S&P 500 index was up 30.06 points at 4,399.77, while the Nasdaq composite was up 206.81 points at 13,497.59.Monday's gains were all about tech, said Allan Small, senior investment adviser at iA Private Wealth.

"If that were to show signs of cracking, that could be a pretty big negative, in my opinion, for not only semiconductors but the tech sector as a whole. And we know how much the tech sector means to the overall market," he said. "I think a lot of this is on the back of what the Fed is doing," he said, as well as on recent economic data coming in a little bit hotter than anticipated.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines