TORONTO — Commodities stocks weighed on Canada’s benchmark index, while tech stocks south of the border pulled Wall Street lower.
“It’s not any new concept to investors that the magnificent seven and the mega-cap tech stocks have really been big contributors toward return, both good and bad,” said Kim Inglis, senior portfolio manager at Raymond James.
She said the performance of that group of stocks often dictates the direction of the U.S. market, “and that’s just purely because of their overall concentration in the index.”
In New York, the Dow Jones industrial average was up 182.06 points at 51,848.90. The S&P 500 index was down 7.24
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