TSX falls while U.S. markets rise amid hopes Middle East ceasefire holds
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The TSX fell while US markets rose amid hopes that the Middle East ceasefire holds, with the S&P/TSX composite index down 142.86 points. The Dow Jones industrial average and S&P 500 index were up, despite volatility in the market due to the war, with crude oil prices remaining higher for the day.
Canadian and US stock markets moved in opposite directions after a ceasefire in the Middle East war. The S&P/TSX composite index was down 142.86 points at 33,477.71. In New York, the Dow Jones industrial average was up 275.88 points at 48,185.80. The US markets rose amid hopes that the ceasefire holds. Crude oil prices pared some gains but remained higher due to uncertainty about the Strait of Hormuz. The technology sector was the biggest weight on the TSX, with Shopify Inc. shares losing 6.52 per cent.
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