Equities in Canada’s largest market gained on Tuesday and the index is on course to break a three-day losing streak in a broad-based rally led by technology shares.
The S&P/TSX Composite Index gained 69.22 points to reach 15,255.62, midday Tuesday, after Monday’s triple-digit collapse.
The Canadian dollar was increased 0.11 cents to 75.62 cents U.S.
Among the largest percentage gainers on the TSX was Badger Daylighting, which rose $2.06, or 7.3%, to $30.26, after reporting better-than-expected Q3 revenue.
ECN Capital rose 9.5 cents, or 3%, to $3.28, after reporting quarterly results.
Among those stocks that lost some of their luster, Premium Brands Holdings slumped $12.76, or 14.7%, to $74.08, after quarterly profit missed estimates.
Another big decliner was New Gold, down four cents, or 3.6% to $1.06
ON BAYSTREET
The TSX Venture Exchange skidded 3.08 points to 634.89
The 12 subgroups were evenly split, as information technology zoomed 1.5%, while financials and communications stocks each grew 0.8%
The half-dozen laggards were weighed most by consumer staples and energy stocks, each down 0.8%, while health-care issues swooned 0.6%.
ON WALLSTREET
Stocks rose in volatile trading on Tuesday as a bounce in Apple shares lifted the broader technology sector, helping equities regain some of their sharp losses from the previous session.
The Dow Jones Industrials rumbled higher 92.05 points to 25,479.23. At its session lows, the Dow was down more than 170 points.
The S&P 500 gathered 20.2 points to 2,746.42, while the NASDAQ recovered 79.93 points to 7,280.80.
Apple rose 1% after briefly breaking below its 200-day moving average, a key technical level watched by investors. The S&P 500 technology sector gained 1.5%. Nvidia moved higher 7.1%, and Advanced Micro Devices improved 4.5%, placing both among the best-performing tech stocks.
Tech-related shares like Facebook, Amazon and Netflix also traded higher.
Tuesday's moves come after the Dow dropped 602 points on Monday as Apple shares dropped on expectations of slowing iPhone sales.
Renewed trade talks between the U.S. and China also helped lift sentiment in the stock market Tuesday.
The Wall Street Journal reported Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He had resumed trade talks. The report comes ahead of a meeting between President Donald Trump and Chinese President Xi Jinping.
Prices for the benchmark for the 10-year U.S. Treasury gained, lowering yields to 3.16% from Friday’s 3.19%. Treasury prices and yields move in opposite directions. Bond markets were closed Monday for Veterans Day.
Oil prices sagged $2.26 to $57.67 U.S. a barrel.
Gold prices were unchanged at $1,203.50 U.S. an ounce.
