Canada's main stock index found their feet on Wednesday, after previous session's losses, on the backs of tech and energy issues.
The TSX recovered 69,83 points to open Wednesday trading at 29,958.65.
The Canadian dollar acquired 0.06 cents to 71.39 cents U.S.
Geopolitics loomed large over global markets after a planned summit between U.S. President Donald Trump and Russian President Vladimir Putin was put on hold and ambiguity lingered over a potential meeting between Trump and Chinese President Xi Jinping.
Despite Washington and Beijing striking a more conciliatory tone in recent times, Trump added to the uncertainty over the meeting on Tuesday, saying that "maybe it won't happen".
In corporate news, Teck Resources beat third-quarter profit estimates on Wednesday, helped by higher copper and zinc prices.
ON BAYSTREET
The TSX Venture Exchange sank 3.9 points to 947.15.
All but three of the 12 TSX subgroups were higher in the first hour, led by information technology, ahead 1.1%, energy better by 1%, and real-estate, breaking the breakeven level by 0.3%.
The three laggards were consumer discretionary and consumer staples, down 0.2% each, and utilities, back 0.1%.
ON WALLSTREET
Stocks fell slightly on Wednesday as traders assessed the latest batch of corporate earnings.
The Dow Jones Industrials skimmed off 78.65 points to open the mid-week session at 46,846.09.
The S&P 500 slid 5.97 points to 6,728.37.
The tech-heavy NASDAQ declined 53.28 points to 22,900.39.
Netflix shares slumped 8% after the company posted an earnings miss, while Intuitive Surgical shares rallied 15% on the back of its strong earnings and revenue results.
The 30-stock index is coming off a record-setting session, briefly topping 47,000 on Tuesday, thanks to strong results from Coca-Cola and 3M.
The S&P 500 and NASDAQ lagged, however, after President Donald Trump commented about his expected meeting next week with Chinese President Xi Jinping. He noted that “maybe it won’t happen.”
Still, investors are hopeful that the flurry of upcoming earnings reports could be the next catalyst that U.S. equities need to keep rallying. Tesla’s earnings expected Wednesday after the bell will kick off highly-awaited reports from the “Magnificent Seven” megacap tech group. More than three-quarters of the S&P 500 companies that have posted results so far have beaten expectations.
Prices for the 10-year Treasury fell slightly, raising yields to 3.97% from Tuesday’s 3.96%. Treasury prices and yields move in opposite directions.
Oil prices gained $1.42 to $58.60 U.S. a barrel.
Gold prices skidded $33.40 to $4,074.60 U.S. an ounce.
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