TORONTO –
Canada’s main stock index rose Tuesday, while U.S. markets were also up, though indexes on both sides of the border closed down slightly from late-morning highs.
The S&P/TSX composite index was up 72.97 points at 19,994.78.
In New York, the Dow Jones industrial average was up 56.22 points at 33,592.92. The S&P 500 index was up 34.48 points at 3,991.73, while the Nasdaq composite was up 162.19 points at 11,358.41.
Markets are reacting to several pieces of incrementally positive news Tuesday, said Lesley Marks, chief investment officer of equity at Mackenzie Investments.
The day started off with strong earnings from Walmart, which helped investors gauge consumer health, she said.
The retail giant listed its sales and profit forecast Tuesday and announced a share buyback plan.
“That was kind of how the day started. And that set an overall positive tone for the consumer sectors,…
