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Stockhouse @ the Bell: TSX powers higher on energy and tech gains

Stockhouse Editorial
0 Comments| July 9, 2019


Energy gains helped push Canada’s main stock index into the green on Tuesday, though US markets were mixed as investors look for signs of how far the Federal Reserve might cut interest rates after positive recent economic data. Fed Chair Jerome Powell will deliver the Fed’s semi-annual monetary report to Congress on Wednesday and Thursday, offering possible clues on the central bank’s interest rate policy. Industrials, consumer staples and materials were down, but their losses were partially offset by gains in communications services and technology stocks. 
 
The S&P/TSX Composite Index was up 82.26 points to 16,545.21, but the TSX Venture Exchange was down 2.55 points to 585.48.
 
The Canadian dollar traded for 76.18 cents US compared with an average of 76.45 cents US on Monday.
 
Crude oil prices were up $0.28 to $57.94.
 
The price of gold was down $0.40 to $1,396.38.
 
In U.S. markets; the Dow lost 22.65 points to 26,783.49, the S&P 500 added 3.68 points to 2,979.63 and the NASDAQ rose 43.35 points to 8,141.73.

In world markets; the Nikkei grew 30.84 points to 21,565.15, the Hang Seng tumbled 433.00 points to 28,116.28, the FTSE shrunk 12.78 points to 7,536.47, and the DAX gave up 106.05 points to 12,436.55.



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