Canada Stocks-TSX posts weekly decline as tech rout hits sentiment
EWC•Sector moves and market data
- The TSX's technology sector
.SPTTTKfell 1.1%, with shares of e-commerce company Shopify Inc.SHOP.TOdown 1.4%. - The materials group
.GSPTTMT, which includes metal mining shares, lost 0.5% as copper pricesHGc1fell. - Consumer discretionary
.GSPTTCDwas down 0.9% and heavily weighted financials.SPTTFSended 0.5% lower. - Three of the 10 major sectors ended higher, including energy
.SPTTEN, which added 1.9%. - U.S. crude oil futures
CLc1settled 4.5% higher at $82.49 a barrel after the U.S. and Iran stepped up attacks across the Gulf. - In domestic data, foreign investors bought a net C$7.90 billion ($5.63 billion) in Canadian securities in May following an upwardly revised C$46.92 billion total purchase in April.
TSX closes lower as tech selloff weighs on sentiment
Canada's main stock index edged lower on Friday as a selloff in U.S. semiconductor stocks and other high-flying shares gathered pace and dented sentiment, while gains in energy companies kept declines in check.
The S&P/TSX Composite Index .GSPTSE ended down 76.30 points, or 0.2%, at 35,263.85, extending its pullback from a record closing high on Wednesday. For the week, the index was down 0.1%, after three straight weekly gains.
