TORONTO –
Canada’s main stock index rose Monday as technology stocks helped lead broad-based gains despite weakness in energy, while U.S. markets also rose.
Markets picked up steam in the afternoon as Treasury yields fell.
The S&P/TSX composite index closed up 74.78 points at 21,200.06.
In New York, the Dow Jones industrial average was up 224.02 points at 38,333.45. The S&P 500 index was up 36.96 points at 4,927.93, while the Nasdaq composite was up 172.68 points at 15,628.04.
Investors were in wait-and-see mode Monday ahead of what promises to be a jam-packed week, said Michael Greenberg, senior vice-president and portfolio manager at Franklin Templeton Investment Solutions.
Several of the biggest technology names on the market are scheduled to report earnings this week in the U.S., while the U.S. Federal Reserve will announce its first rate decision of the year on Wednesday.
The central…
