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S&P/TSX composite rises Tuesday on energy strength, U.S. markets also move higher

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Canada's main stock index rose Tuesday near the end of the trading day, erasing earlier losses as energy and base metals helped offset weakness in telecom.

WATCH ABOVE: The Canadian economy bounced back from a soft end to the first quarter, growing 0.3 per cent in April, according to Statistics Canada data. Anne Gaviola has the details and more in Business Matters for June 28, 2024.Canada’s main stock index rose Tuesday near the end of the trading day, erasing earlier losses as energy and base metals helped offset weakness in telecom, while U.S.In New York, the Dow Jones industrial average was up 162.33 points at 39,331.85.

Heading into the second half of the year, the tech sector continues to see momentum, added Mahajan, with the Nasdaq leading gains on Tuesday.Tesla helped boost U.S. markets as the electric-vehicle maker saw its share price rise more than 10 per cent after reporting better spring sales than expected.

 

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S&P/TSX composite rises Tuesday on energy strength, U.S. markets also move higherTORONTO — Canada's main stock index rose Tuesday near the end of the trading day, erasing earlier losses as energy and base metals helped offset weakness in telecom, while U.S. stock markets also climbed higher.
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