TORONTO — Losses in industrial, utility and financial stocks weighed on the Toronto stock market as Canada’s main stock index fell more than 100 points Tuesday, while U.S. stock markets were mixed.
The S&P/TSX composite index closed down 108.33 points at 22,265.05.
In New York, the Dow Jones industrial average was down 216.73 points at 38,852.86. The S&P 500 index was up 1.32 points at 5,306.04, while the Nasdaq composite was up 99.09 points at 17,019.88.
A handful of large tech stocks helped pull the S&P 500 and Nasdaq higher, including chipmaker Nvidia, which rose seven per cent.
As Wall St. returned from a long weekend, the latest report on U.S. consumer confidence seemed to cause a pullback in equities, said Kevin Headland, chief investment strategist at Manulife Investment Management.
The report showed consumer confidence rose in May after three months of declines, a surprise for economists expecting another step…
