Canada’s main stock index saw a push higher on Tuesday thanks to gains in the financial and energy sectors, while US markets opened mixed, a day after fears of another COVID-19 economic shutdown, which prompted a sharp drop in stocks, but climbed higher by the end of the trading day. Japanese markets remained closed for the citizen’s holiday - Autumnal Equinox Day.
Markets on Wall Street also rose, in an attempt to recoup as much of the losses from the previous session as they could to snap a four-session losing streak. The big winners were tech shares, led by Apple. Microsoft also gained ground, as did Amazon, after analysts upgraded the e-commerce giant to buy from hold, calling the recent pullback offer an attractive “entry point” for investors.
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The Canadian dollar traded for 75.24 cents US compared with 75.23 cents US on Monday.
Crude oil prices were up $0.24 to $39.55.
The price of gold was down $10.56 to $1,902.20.
In world markets, the Nikkei remained at 23,360.30, the Hang Seng was down 231.56 points to 23,716.85, the FTSE was up 25.28 points to 5,829.246, and the DAX was up 52.17 points to 12,594.39.
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