Energy and base metals help lift S&P/TSX composite Thursday, U.S. stock markets mixed | National Business

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TORONTO – Strength in energy and base metals helped Canada’s main stock index post a small gain Thursday, while U.S. stock markets were mixed a day after reaching new records.

The S&P/TSX composite index closed up 84.08 points at 22,229.10.

In New York, the Dow Jones industrial average was up 78.84 points at 38,886.17. The S&P 500 index was down 1.07 points at 5,352.96, while the Nasdaq composite was down 14.78 points at 17,173.12.

The big story over the past few days has been the continuation of the AI-driven market strength, led by semiconductor giant Nvidia, said Greg Taylor, chief investment officer at Purpose Investments.

“It’s almost becoming a one-stock market,” said Taylor.

“We’ve seen it take off and start to challenge Microsoft, the biggest company in the index and the world,…

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