US EditionCanada, U.S. Markets Rise as Technology Stocks Gain Ground and Oil Prices Fall
Tech stocks led gains with Nvidia up 1.6% on strong AI demand forecasts while oil prices dropped over $5 per barrel, easing inflation concerns in North American markets.
- On Wednesday, Canada's main stock index and U.S. benchmarks rose, with the S&P/TSX composite index up 334.72 points at 32,876.65.
- Falling oil prices and a tech rally underpinned the gains, with April crude down US$5.21 at US$93.50 per barrel and Nvidia rising 1.6% after CEO Jensen Huang forecasted US$1 trillion in AI chip demand through 2027.
- U.S. indexes rose with sizeable point moves, led by tech as the Dow Jones industrial average gained 387.94 points at 46,946.41, the S&P 500 index rose 67.19 points at 6,699.38, and the Nasdaq composite gained 268.82 points at 22,374.18.
- The Canadian dollar changed hands near 73.13 cents US, while many professional investors expect market strength to persist, supporting U.S. stock markets near record levels.
- Iran's near halt of traffic through the Strait of Hormuz raises risks as economists warn any prolonged closure could reverse price relief and tighten global oil market supplies.
18 Articles
18 Articles
Global Stock Rally Amid Oil Price Easing and Geopolitical Tensions
Global Stock Rally Amid Oil Price Easing and Geopolitical Tensions Global stocks experienced a notable rally on Monday as oil prices eased, despite the ongoing geopolitical tensions in the Middle East. The surge in crude prices this month is expected to impact inflation and influence central bank rate decisions at their upcoming meetings.In related developments, Israel continues operations in Iran, triggering responses such as temporary shutdown…
NASDAQ Stages Strong Rebound as Tech Stocks Lead Gains Amid Easing Oil Prices and Geopolitical Optimism
The tech-heavy NASDAQ Composite surged more than 1% on March 16, 2026, snapping a string of recent losses as investors welcomed signs of cooling tensions in the Middle East and a pullback in crude
The Toronto Star
S&P/TSX composite and U.S. stock markets up in late-morning trading
TORONTO - Canada's main stock market was up more than 200 points before midday on Monday and U.S. markets also rose, as the Straight of Hormuz disruption hangs over another
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