TORONTO — Losses in the energy sector led Canada’s main stock index lower on Tuesday, while U.S. stock markets were also down.
Markets were essentially flat Tuesday after a positive start to the week the day before led by strength in tech stocks, said Allan Small, senior investment adviser at iA Private Wealth.
“Tech just took a big hit last week,” said Small, but Monday brought “a bit of a rebound.”
Investors on Tuesday were anticipating financial results coming after the bell from Alphabet and Tesla, he said, kicking off earnings from the major U.S. tech companies that have led this year’s rally.
The S&P/TSX composite index closed down 58.90 points at 22,813.75.
In New York, the Dow Jones industrial average was down 57.35 points at 40,358.09. The S&P 500 index was down 8.67 points at 5,555.74, while the Nasdaq composite was down 10.22 points at 17,997.35.
Later in the week, investors will get fresh economic…
