{"id":173542,"date":"2018-07-27T03:02:54","date_gmt":"2018-07-27T07:02:54","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=173542"},"modified":"2018-07-27T03:02:54","modified_gmt":"2018-07-27T07:02:54","slug":"torontos-main-stock-index-rises-energy-sector-strength-u-s-markets-mixed","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/07\/27\/torontos-main-stock-index-rises-energy-sector-strength-u-s-markets-mixed\/","title":{"rendered":"Toronto’s main stock index rises on energy sector strength; U.S markets mixed"},"content":{"rendered":"
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FILE: Canada’s main stock index rose Thursday on the strength of the energy sector, while U.S. markets were mixed. (Photo Pixabay)<\/figcaption><\/figure>\n

Canada’s main stock index rose Thursday on the strength of the energy sector, while U.S. markets were mixed.<\/p>\n

The Toronto Stock Exchange’s S&P\/TSX composite index gained 34.97 points to 16,455.73.<\/p>\n

\u201cIt’s really driven by results coming out of … the energy space,\u201d said Anish Chopra, managing director with Portfolio Management Corp. in Toronto.<\/p>\n

Energy companies, like Suncor Energy Inc., are receiving a strong reaction from investors as a result of rising oil prices, he said. The September crude contract rose 31 cents to US$69.61 per barrel.<\/p>\n

Suncor shares jumped 2.32 per cent or $1.23 to $54.34, and overall, shares in the energy sector were the best performing of the day, gaining on average 0.82 per cent of their worth.<\/p>\n

\u201cCertainly the energy sector’s one of the strongest sectors today,\u201d Chopra said.<\/p>\n

In New York, markets were mixed. The Dow Jones industrial average advanced 112.97 points to 25,527.07. The S&P 500 index shed 8.63 points to 2,837.44 and the Nasdaq composite index fell 80.06 points to 7,852.18.<\/p>\n

The Nasdaq’s drop came from a double-digit fall in the shares of social network company Facebook Inc. Facebook’s shares plummeted 18.96 per cent or US$41.24 to US$176.26.<\/p>\n

\u201cFacebook really reported some disappointing news,\u201d said Chopra.<\/p>\n

The company said its user base and revenue grew slower than expected during its second quarter. The company also said it expects slower revenue growth ahead.<\/p>\n

The Canadian dollar averaged 76.54 cents US, up 0.13 of a U.S. cent.<\/p>\n

Elsewhere in commodities, the September natural gas contract advanced a penny to US$2.76 per mmBTU. The August gold contract fell US$6.10 to US$1,225.70 an ounce and the September copper contract was unchanged at US$2.82 a pound.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Canada’s main stock index rose Thursday on the strength of the energy sector, while U.S. markets were mixed. The Toronto …<\/p>\n","protected":false},"author":44,"featured_media":154657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-173542","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news-ca","mauthors-aleksandra-sagan","mauthors-the-canadian-press"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/173542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=173542"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/173542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/154657"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=173542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=173542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=173542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}