S&P/TSX composite gains almost 200 points, U.S. markets mixed

TORONTO — Canada's main stock index gained almost 200 points Friday, while U.S. markets were mixed. The S&P/TSX composite index closed up 197.41 points at 22,269.12. In New York, the Dow Jones industrial average was up 574.84 points at 38,686.32.

The S&P/TSX composite index closed up 197.41 points at 22,269.12.

After a rally provoked by stellar earnings from AI darling Nvidia last week, investors spent most of the day selling off and rotating into sectors like real estate, energy and utilities, said Brian Madden, chief investment officer with First Avenue Investment Counsel. The report doesn’t change expectations for interest rate cuts in the U.S. in either direction, said Madden.

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