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Energy and base metals help lift S&P/TSX composite Thursday, U.S. stock markets mixed

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TORONTO — Strength in energy and base metals helped Canada's main stock index post a small gain Thursday, while U.S. stock markets were mixed a day after reaching new records. The S&P/TSX composite index closed up 84.08 points at 22,229.10.

TORONTO — Strength in energy and base metals helped Canada's main stock index post a small gain Thursday, while U.S. stock markets were mixed a day after reaching new records.In New York, the Dow Jones industrial average was up 78.84 points at 38,886.17. The S&P 500 index was down 1.07 points at 5,352.96, while the Nasdaq composite was down 14.78 points at 17,173.12.

It’s becoming “nerve-wracking” for investors, said Taylor, who are turning to more defensive picks to shore up against a worrying level of index concentration. “Generally, with the markets up and hitting pretty big all-time highs yesterday, today's just more of a cautious trading day and little more of a reason to take some profits,” said Taylor.

The Bank of Canada began cutting on Wednesday, while the European Central Bank announced a cut on Thursday.

 

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