TORONTO — Canada’s main stock index rose more than 100 points Thursday, led by gains in energy stocks, while U.S. markets were mixed.
Tech stocks in the U.S. got a boost earlier in the day after Taiwan Semiconductor Manufacturing Co. reported stronger earnings than expected.
The positive news helped offset a recent disappointing report from Dutch chip supplier ASML, said Allan Small, senior investment adviser at iA Private Wealth.
“Taiwan Semi was the biggest factor to the markets to start the day,” he said, adding that large tech names will start reporting in earnest next week.
The S&P/TSX composite index closed up 129.28 points at 24,690.48.
In New York, the Dow Jones industrial average was up 161.35 points at 43,239.05, adding to its record. The S&P 500 index was down one point at 5,841.47, while the Nasdaq composite was up 6.53 points at 18,373.61.
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