TORONTO — Gains in the financial, industrial and utilities sectors led Canada's main stock index higher on Monday, while U.S. stock markets also rose.
TORONTO — Gains in the financial, industrial and utilities sectors led Canada's main stock index higher on Monday, while U.S. stock markets also rose.
“It feels like with Biden stepping back, and no one challenging Harris, that it feels like it could start to quiet down in the election front for the next little bit. And that seems to be good news,” said Taylor. “So we're unwinding some of that nervousness in the market.”In New York, the Dow Jones industrial average was up 127.91 points, or 0.3 per cent, at 40,415.44. The S&P 500 index was up 59.41 points, or 1.1 per cent, at 5,564.41, while the Nasdaq composite was up 280.
“That's starting to creep in as a fear for this AI hype that maybe we've jumped the gun and gotten a little ahead of ourselves.”Last week, as tech stocks were falling, investors started rotating toward other sectors on the market, which is a healthy thing, noted Taylor. The September crude oil contract was down 24 cents at US$78.40 per barrel and the August natural gas contract was up 12 cents at US$2.25 per mmBTU.
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