© Reuters.
Investing.com — Canada’s main stock index, the S&P/TSX hovered near the flatline by late afternoon trade on Tuesday, with losses on the commodity heavy Canadian index were capped by mining stocks as gold prices hit an all time high.
Sentiment however remained cautious ahead of the Bank of Canada’s interest rate decision on Wednesday, U.S. non-farm payrolls data, and testimony from Fed Chair Jerome Powell this week.
Wall Street’s main indices meanwhile traded deeply in the red, with losses led by tech stocks as megacaps fell, with Apple (NASDAQ:) under pressure from a report showing that iPhone sales plunged in China to kick off 2024.
AMD (NASDAQ:) meanwhile came under pressure from a Bloomberg report that the company will be unable to sell AI chips to China due to a regulatory hurdle.
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