Tech sector helps lift S&P/TSX composite, U.S. stock markets mixed

Tech sector helps lift S&P/TSX composite, U.S. stock markets mixed
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TORONTO — Gains in the technology sector led by better-than-expected results from Shopify Inc. helped lift Canada’s main stock index in late-morning trading even as the price of oil slipped lower and the energy sector lost ground.

The S&P/TSX composite index was up 39.81 points at 14,851.37 as shares in Shopify rose more than five per cent.

In New York, the Dow Jones industrial average was down 15.01 points at 23,868.08. The S&P 500 index was up 0.92 of a point at 2,869.36, while the Nasdaq composite was up 82.69 points at 8,891.81.

The Canadian dollar traded for 70.72 cents US compared with an average of 71.27 cents US on Tuesday.

The July crude oil contract was down US$1.30 at US$25.19 per barrel and the June natural gas contract was down nearly 17 cents at about US$1.97 per mmBTU.

The June gold contract was down US$19.90 at US$1,690.70 an ounce and the July copper contract was up a penny at nearly US$2.35 a pound.

This report by The Canadian Press was first published May 6, 2020.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

 

The Canadian Press

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