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Tech stocks helps lift S&P/TSX composite despite energy sector weakness as oil falls

A sign board displays the TSX level in Toronto, Friday, June 4, 2021. THE CANADIAN PRESS/Frank Gunn. FNG

Strength in the technology sector helped offset losses in energy stocks to leave Canada’s main stock index with gains Wednesday alongside U.S. markets.

The S&P/TSX composite index closed up 62.25 points at 20,282.26.

In New York, the Dow Jones industrial average ended up 95.96 points at 34,194.06. The S&P 500 index was up 23.68 points at 4,027.26, while the Nasdaq composite was up 110.91 points at 11,285.32.

Read more: S&P/TSX composite index closes up on oil prices, U.S. markets also rise

The Canadian dollar traded for 74.67 cents US compared with 74.65 cents US on Tuesday.

The January crude oil contract was down US$3.01 at US$77.94 per barrel and the January natural gas contract was up 30 cents at US$7.71 per mmBTU.

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The December gold contract was up US$5.70 at US$1,745.60 an ounce and the December copper contract was up less than a penny at $3.62 a pound.

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