The S&P/TSX composite index retreated 88.91 points to 16,517.85.
"Our index continues to be driven by commodity prices," said
The energy sector, which fell 2.9 per cent, was the worst performer of the day. The drop came as the price of oil fell with, the October crude contract losing
The materials sector did not fare much better, losing 2.1 per cent.
Meanwhile, in
The Dow Jones industrial average gained 190.60 points to 27,930.33 and the Nasdaq composite rose 46.85 points to 11,311.80.
Much of the momentum boils down to strong performance by technology companies, said Petursson, highlighting
"What we tend to see with markets is... momentum begets momentum," he said, noting
"As stocks tend to do well, other investors pile in, not wanting to miss any further gains," he said of
Meanwhile, the S&P 500 index moved up 11.65 points to 3,397.16, surpassing an all-time high of 3,389.78 set Tuesday.
"It's just such a surprise given where the
The Canadian dollar traded for
In commodities, the December gold contract rose
This report by
Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)
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