{"id":82755,"date":"2026-02-09T13:56:00","date_gmt":"2026-02-09T16:56:00","guid":{"rendered":"https:\/\/tech.einnews.com\/article\/890752699"},"modified":"2026-02-09T13:56:00","modified_gmt":"2026-02-09T16:56:00","slug":"tech-stocks-push-canada-u-s-markets-higher-as-precious-metals-also-rise","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/09\/tech-stocks-push-canada-u-s-markets-higher-as-precious-metals-also-rise\/","title":{"rendered":"Tech stocks push Canada, U.S. markets higher as precious metals also rise"},"content":{"rendered":"
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Markets in the U.S. and Canada rose on Monday, helped by gains in technology stocks. <\/p>\n

Kathryn Del Greco, senior investment adviser at TD Wealth, said that the focus on tech stocks came after a challenging environment took hold last week, particularly for software companies.<\/p>\n

\u201cThere\u2019s definitely some bargain hunters stepping into the market today,\u201d she said. <\/p>\n

The S&P\/TSX composite index was up 552.34 points at 33,023.32.<\/p>\n

In New York, the Dow Jones industrial average was up 20.20 points at 50,135.87. The S&P 500 index was up 32.52 points at 6,964.82, while the Nasdaq composite was up 207.46 points at 23,238.67.<\/p>\n

The U.S. stock market was coming off its best day since May to close last week, but several concerns are still lingering. That includes criticism that stocks have simply become too expensive following their run to records.<\/p>\n

Worries are also heavy about whether all the huge spending by big tech and other companies on artificial-intelligence technology will produce enough profit to make the investments worth it.   <\/p>\n

Some of the winners from that rush into AI drove the market higher on Monday. Chip companies rose, for example, with Nvidia up 2.5 per cent and Broadcom up 3.4 per cent. They were two of the strongest forces pushing the S&P 500 upward.<\/p>\n

\u201cAfter last week\u2019s big correction, I think there\u2019s some money that is looking to deploy as this AI trade continues to play out,\u201d Del Greco said. <\/p>\n

She said the rise in Canadian tech stocks was a spill over from gains in the U.S. tech sector. <\/p>\n

\u201cYou\u2019re going to look for where there are opportunities, and the tech sector\u2019s having a very nice recovery day in the U.S., and that\u2019s certainly gonna pull along Canada as well,\u201d she said. <\/p>\n

Last week, the Dow Jones industrial average topped 50,000 points for the first time, which she said was a big milestone for the bellwether index that represents more than just large technology companies. <\/p>\n

\u201cFor the last couple of years, it\u2019s all been about the S&P 500 and the Nasdaq being big indexes,\u201d Del Greco said.   <\/p>\n

\u201cSo when you see the good ol\u2019 Dow reaching a new all-time high, it shows a broadening out of the market, which is actually extremely healthy for the sustainability of this bull market.\u201d <\/p>\n

The Canadian stock market also got some help from basic materials stocks as the price of precious metals rose.<\/p>\n

Gold rose two per cent. It\u2019s been swinging sharply after roughly doubling in price over 12 months, and it has bounced between US$4,500 and nearly US$5,600 an ounce. Silver, whose price has been even wilder, jumped 6.9 per cent Monday.   <\/p>\n

The April gold contract was up US$99.60 at US$5,079.40 an ounce. The March silver contract was up US$5.34 at US$82.23.  <\/p>\n

The Canadian dollar traded for 73.66 cents US compared with 73.27 cents US on Friday.<\/p>\n

The March crude oil contract was up 81 cents US at US$64.36 per barrel.<\/p>\n

This report by The Canadian Press was first published Feb. 9, 2026. <\/i>With files from The Associated Press.<\/p>\n

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… Monday, helped by gains in technology<\/span> stocks.\u00c2\u00a0 Kathryn Del Greco, … that the focus on tech<\/span> stocks came after a … big tech<\/span> and other companies on artificial-intelligence technology<\/span> will … represents more than just large technology<\/span> companies.\u00c2\u00a0 \u00e2\u0080\u009cFor the last …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-82755","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/82755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=82755"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/82755\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=82755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=82755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=82755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}