10:58:41 EDT Tue 09 Jun 2026
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Globe/wire say TSX stabilizes amid bargain hunting

2026-06-09 09:22 ET - In the News

The Globe and Mail reports in its Tuesday edition that U.S. stocks ended mostly higher on Monday, led by Nasdaq and chipmakers as investors sought bargains after Friday's sharp sell-off. A Reuters dispatch to The Globe says Canada's main stock index also clawed back some of Friday's decline, with energy and technology shares leading gains. Investors were also relieved after Iran and Israel said they had halted attacks on each other. The halt followed an appeal from U.S. President Donald Trump that they immediately "stop shooting." The attacks over 24 hours were the most direct confrontation between Iran and Israel since an April ceasefire in the war. The Dow ended lower and stocks overall closed off the day's highs. S&P 500 technology-led sector advancers, rising 1.5 per cent, and the Philadelphia SE Semiconductor Index jumped 5.6 per cent, rebounding from Friday's losses that wiped out more than $1-trillion (U.S.) in market value for U.S.-listed chipmakers. The S&P/TSX Composite Index ended up a modest 65.29 points at 34,478.74, after posting on Friday its biggest decline in nearly four months. The Toronto Stock Exchange's energy sector made gains as the price of oil settled higher at $91.30 (U.S.) a barrel.

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