TORONTO — Strength in resource and industrial stocks helped Canada’s main stock index close higher Thursday, while U.S. stock markets were mixed.
The S&P/TSX composite index closed up 64.45 points at 21,581.35.
The technology index on the S&P/TSX composite was down about 0.6 per cent as U.S. tech stocks also pulled back after significant gains recently.
“I think it’s just a period of consolidation after such a strong move higher in such a short period of time,” said Mona Mahajan, senior investment strategist at Edward Jones.
“There doesn’t seem to be any specific news flow, but perhaps a little bit of exhaustion from buyers.”
In New York, where markets were closed on Wednesday for the Juneteenth holiday, the Dow Jones industrial average ended up 299.90 points at 39,134.76. The S&P 500 index was down 13.86 points at 5,473.17, while the Nasdaq composite was down 140.64 points at 17,721.59.
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