India, April 28 -- Canadian stocks extended the losses from yesterday's session and pulled back on Tuesday as the U.S.-Iran stalemate continues. In addition, lingering concerns about the huge investments made in AI weighed on tech stocks in the U.S. as well as in Canada.
After opening a little lower than yesterday's close, today the benchmark S&P/TSX Composite Index gained a little but lost momentum and traded lower throughout the rest of the session before settling at 33,584.34, down by 233.85 points (or 0.69%).
Seven of the 11 sectors posted gains today, with the energy sector leading the pack.
The war between the U.S. and Iran that began on February 28 entered the third month today.
Last weekend, U.S. President Donald Trump refused t...