S&P/TSX composite closes down as telecom and metal stocks fall, U.S. markets mixed

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TORONTO — Canada’s main stock index closed down Tuesday on the same day inflation came in higher than expected, while U.S. stock markets were mixed. The S&P/TSX composite index ended down 60.11 points at 21,788.

TORONTO — Canada’s main stock index closed down Tuesday on the same day inflation came in higher than expected, while U.S. stock markets were mixed.

The S&P/TSX composite index ended down 60.11 points at 21,788.48, weighed by losses in the telecom and base metal sectors as part of broader losses

In New York, the Dow Jones industrial average was down 299.05 points at 39,112.16. The S&P 500 index was up 21.43 points at 5,469.30, while the Nasdaq composite was up 220.84 points at 17,717.65.

Technology and commodity stocks have been trading places in recent days for gains and losses, and Tuesday saw tech again on the rise.

Nvidia, which had seen hundreds of billions of dollars wiped from its valuation in recent days…

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