S&P/TSX composite closes up as energy and tech stocks rise, outpacing U.S. markets

Canada’s main stock index closed up on Thursday, buoyed by strength in the energy and technology sectors, while U.S.In New York, the Dow Jones industrial average was up 36.26 points at 39,164.06. The S&P 500 index was up 4.97 points at 5,482.87, while the Nasdaq composite was up 53.53 points at 17,858.68.

“There’s been a little bit more data recently that’s suggesting that the U.S. economy is finally showing some slight signs of slowing down,” said Michael Greenberg, head of Americas portfolio management at Franklin Templeton Investment Solutions.“The economy slowing in Canada is not really a big surprise … and therefore maybe a little bit more in the price. Whereas in the U.S.

In the U.S. and beyond, all eyes are on the first U.S. presidential debate set for Thursday night, a television spectacle that could nudge markets.“The general consensus is obviously with a Trump presidency, that’s going to be a little bit less regulation on things like the energy sector. Biden may be more toward some of the sectors that are more EVs and the environmental side,” Greenberg said.In Canada, analysts await economic output data on Friday.

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