(MENAFN- Baystreet)
Canada's main stock index opened flat on Tuesday, with gains in energy shares offsetting losses in technology stocks, following Monday's rally sparked by higher commodity prices and promising signs toward ending the prolonged U.S. government shutdown.
The TSX dished off 3.58 points to start the session at 30,313.05.
The Canadian dollar gained 0.09 cents to 71.39 cents U.S.
Insurer E-L Financial said its income rose 15% in the third quarter. E-L acquired three cents to $16.93.
Meanwhile, China is willing to resume exchanges with Canada and cooperate in various fields, its foreign minister told his Canadian counterpart.
ON BAYSTREET
The TSX Venture Exchange handed back 2.24 points to 906.
All but three of the 12 TSX subgroups gained ground, with energy rumbling 1.1%, gold brighter by 0.6%, and telecoms eked up 0.4%.
The three laggards were industrials, which sagged 1.4%, health-care, sliding 1.3%, and utilities, off 0.4%.
ON WALLSTREET
The S&P 500 fell on Tuesday, pressured by declines in tech, following strong gains in the previous session.
The Dow Jones Industrials kept gaining, taking on 96.73 points to begin Tuesday at 47,465.36.
The broader index backed off 5.88 points to 6,826.55.
The NASDAQ removed 84.74 points to 23,442.43.
CoreWeave was among the laggards of the session. Shares slid 11% after the company's guidance disappointed investors, hurting the artificial intelligence trade.
Shares of AI chip darling Nvidia also pulled back 2% after SoftBank sold its entire stake in the chipmaker for more than $5 billion.
Reinforcing the day's downbeat sentiment, a new report from ADP revealed that for the four weeks ending Oct. 25, private sector job creation was down more than 11,000 on average per week.
The data stands in contrast to the October gains that the firm reported last week and signals some weakness in the labor market.
The Senate on Monday evening passed a bill to end the shutdown, sending it to the House. The negotiated deal does not include Democrats' demand that any funding bill must include an extension of Affordable Care Act subsidies, and instead calls for a vote on the tax credits in December.
Tuesday, the Treasury market is closed for Veteran's Day.
Oil prices climbed 77 cents to $60.90 U.S. a barrel.
Gold prices improved $11.80 to $4,133.80. U.S. an ounce.

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