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Stock technology sector propels growth in S&P/TSX composite index

Canadian primary stock index advanced over 200 points in its Thursday closing, boosted by technology sector's progression, with U.S. markets also experiencing an upward trend.

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Stocks in the tech sector contribute to an increase in the S&P/TSX Composite Index
Stocks in the tech sector contribute to an increase in the S&P/TSX Composite Index

Stock technology sector propels growth in S&P/TSX composite index

The Canadian stock market and major U.S. indexes saw a rise on July 17, 2025, with the boost primarily coming from the technology sector. This sector's strong performance helped lift the S&P/TSX composite index, the Dow Jones industrial average, S&P 500, and Nasdaq composite.

The specific gains on this trading day were as follows:

- The S&P/TSX composite index rose by 109.48 points, reaching 27,262.45. - The Dow Jones industrial average increased by 95.34 points, reaching 44,350.12. - The S&P 500 index climbed by 20.08 points, reaching 6,283.78. - The Nasdaq composite gained 137.85 points, reaching 20,868.34.

The gains reflect a positive market sentiment, bolstered by earnings strength and optimism despite relatively lofty valuations in U.S. stocks. No other sectors were mentioned as contributing to the rise in Canada's stock index, but the technology sector was highlighted as a key driver behind these increases.

In addition, the August gold contract is currently at US$3,345.3 an ounce, a decrease of US$13.80. The September crude oil contract, on the other hand, is currently at US$66.23 per barrel, an increase of US$1.04.

This report by The Canadian Press was first published on July 17, 2025. No specific reason for the decrease in the value of the Canadian dollar was given. Furthermore, no specific information about which technology companies contributed to the rise in Canada's stock index was provided.

  1. The rise in the technology sector significantly influenced the growth of major markets on July 17, 2025, driving up both the Canadian stock market and U.S. indexes.
  2. The S&P/TSX composite index, the Dow Jones industrial average, S&P 500, and Nasdaq composite all experienced growth on this day, with technology investments playing a crucial role in those increases.
  3. Despite relatively high valuations in U.S. stocks and no other sectors being cited as contributors to Canada's stock market rise, optimism and earnings strength in the technology sector propelled index gains.

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