TORONTO — Losses in the base metals sector led Canada's main stock index lower on Thursday, while U.S. stock markets also fell. The S&P/TSX composite index closed down 124.41 points at 22,726.76.
TORONTO — Losses in the base metals sector led Canada's main stock index lower on Thursday, while U.S. stock markets also fell.In New York, the Dow Jones industrial average was down 533.06 points at 40,665.02. The S&P 500 index was down 43.68 points at 5,544.59, while the Nasdaq composite was down 125.70 points at 17,871.22.
That election uneasiness is particularly affecting the tech sector, added Petursson, especially big tech companies and those involved in semiconductor chips. However, there’s definitely space for a correction in tech, which has led record-breaking gains on Wall St. for months on end, said Petursson.He said any stock related to artificial intelligence has been “on a tear” this year, in contrast to the overall U.S. economy, which has been showing signs of weakness over the past few months as higher interest rates take their toll.
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