TORONTO — Canada's main stock index edged lower Tuesday, led by weakness in energy stocks, while U.S. markets rose and the Nasdaq posted a new record high.
Tuesday brought the producer price inflation report, another measure of inflation that at first glance looked too hot, said Boudreau. “So because of all of those numbers, probably on net, this is actually an encouraging PPI number ahead of CPI tomorrow.”In New York, the Dow Jones industrial average was up 126.60 points at 39,558.11. The S&P 500 index was up 25.26 points at 5,246.68,while the Nasdaq composite was up 122.94 points at 16,511.18.
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