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Tech Stocks Help Boost S&P/TSX Composite Despite Weakness in Energy Sector Due to Drop in Oil

Strength in the tech sector drove Canada’s major stock indices higher in late-night trading, even as energy stocks fell as oil prices fell.

The S&P/TSX Composite Index rose 54.09 points to 20,274.10.

New York’s Dow Jones Industrial Average rose 123.69 points to 34,221.79. The S&P 500 Index rose 25.11 points to 4,028.69 and the Nasdaq Composite Index rose 121.62 points to 11,296.03.

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S&P/TSX Composite Index Closes on Oil Prices, U.S. Markets Rise

The Canadian dollar traded at 74.74 cents compared to 74.65 cents on Tuesday.

January crude oil contracts fell $3.59 to $77.36 per barrel, while January natural gas contracts rose 45 cents to $7.86 per mmBTU.

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December gold contracts rose $3.40 to $1,743.30 per ounce and December copper contracts fell less than a penny to $3.61 per pound.

© 2022 The Canadian Press



Tech Stocks Help Boost S&P/TSX Composite Despite Weakness in Energy Sector Due to Drop in Oil

Source link Tech Stocks Help Boost S&P/TSX Composite Despite Weakness in Energy Sector Due to Drop in Oil

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