TORONTO – Gains in industrial and technology stocks led Canada’s main stock index up more than one per cent on Tuesday, outweighing weakness in energy, while U.S. stock markets also rose, led by a rally on the Dow.
After months of record-breaking gains led mainly by large tech stocks in the U.S., it was the blue-chip heavy Dow’s turn to lead a broad-based surge, said Michael Currie, senior investment adviser at TD Wealth. The index gained 1.9 per cent.
“Across the board, everything’s looking very strong. It’s very hard to find a weak spot,” he said.
The S&P/TSX composite index closed up 243.71 points at 22,995.39.
In New York, the Dow Jones industrial average was up 742.76 points at 40,954.48. The S&P 500 index was up 35.98 points at 5,667.20, while the Nasdaq composite was up 36.77 points…
