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U.S. markets lose ground on mixed trading day

Canada’s main stock index posted another day of triple-digit gains and U.S. markets were mixed Thursday against the backdrop of mounting evidence that inflation may be beginning to ease.

Though the areas affected by a power outage in downtown Toronto Thursday did include Bay Sreet, Toronto’s main stock exchange remained open for trading. TMX Group spokeswoman Catherine Kee said its trading systems were not impacted by the outage because its power systems are backed up.

The S&P/TSX composite index closed up 105.94 points at 19,991.88.

In New York, the Dow Jones industrial average also closed up 27.16 points at 33,336.67. But the S&P 500 index closed down 2.97 points at 4,207.27, while the Nasdaq composite was down 74.90 points at 12,779.91.

Markets were coming off a strong rally on Wednesday caused by the release of a cooler-than-expected reading on U.S. inflation at the consumer level.

Thursday morning’s…

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