TORONTO — Canada’s main stock index posted a gain Monday, helped by strength in financial stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index closed up 67.10 points at 22,126.13.
In New York, the Dow Jones industrial average was down 31.08 points at 39,344.79. The S&P 500 index was up 5.66 points at 5,572.85, while the Nasdaq composite was up 50.98 points at 18,403.74.
Markets were relatively quiet amid consolidation after last week’s jobs report in the U.S., said John Zechner, chairman and lead equity manager at J. Zechner Associates.
U.S. equities rose to new records Friday after the latest employment report came in weaker than expected, sparking hope for interest rate cuts.
“Everybody’s looking forward this week,” said Zechner.
This week will bring comments from U.S. Federal Reserve chair Jerome Powell as he addresses Congress Tuesday and Wednesday. Investors will try to read his comments…
