TORONTO – Strength in financials and utilities helped Canada’s main stock index stay afloat Tuesday as U.S. markets were mixed, weighed down by losses in the tech sector.
The S&P/TSX composite index was up 45.10 points at 22,824.67.
In New York, the Dow Jones industrial average was up 203.40 points at 40,743.33. The S&P 500 index was down 27.10 points at 5,436.44, while the Nasdaq composite was down 222.79 points at 17,147.42.
Tech stocks dragged the S&P 500 and Nasdaq down, said Michael Greenberg, head of Americas portfolio management at Franklin Templeton Investment Solutions.
“You’re definitely seeing that continuation of some of that churn we’ve seen the last few weeks,” Greenberg said.
“With major tech names narrowly leading the market for months on end, you’re seeing quite a violent…
