Reuters.com reports that the TSX has snapped its 4-day rally as technology shares tumble.

The S&P 500 and the Dow Jones Industrial Average closed at record highs on Thursday as investors cheered the latest policy moves by the Federal Reserve. The S&P 500 and the Dow Jones Industrial Average both closed at record highs on Thursday as investors cheered the latest policy moves by the Federal Reserve.
The TSX ended down 268.35 points, or 1.3%, at 21,094.01.
Technology falls 4.7%, with Shopify down 8.4%. This is the biggest decline in technology since February.
Suncor Energy Inc. shares fell 3.5% in early trading Wednesday after the company reported a lower-than-expected profit for the latest quarter. Suncor Energy Inc. shares fell in early trading Wednesday after the company reported a lower-than-expected profit for the latest quarter.
as energy stocks rebound Energy stocks rebound as industrials decline.
TORONTO, Feb 3 (Reuters) - Canada’s main stock index fell on Thursday, as a slump in U.S. technology shares spilled over to the Toronto market.
The Toronto Stock Exchange’s S&P/TSX composite index ended down 268.35 points, or 1.3%, at 21,094.01. This was after four straight days of gains.
On Wednesday, the TSX reached its highest closing level since Jan. 17.
Facebook-owner Meta Platforms' dour forecast sent its stock plummeting and halted a nascent recovery built on upbeat earnings from other big tech.
The technology sector on the TSX fell 4.7%, including an 8.4% decline for Shopify Inc, the stock with the third largest market capitalization on the Toronto market.
Industrials lost 2.1%, while the energy sector ended 0.8% lower, even as the benchmark U.S. crude oil price broke above $90 a barrel for the first time since 2014.
The energy sector was pressured by a 3.5% decline in the shares of Suncor Energy Inc after the company missed earnings expectations.
The materials group, which includes precious and base metals miners and fertilizer companies, ended down 1.1%. (Reporting by Fergal Smith; Additional reporting by Amal S in Bengaluru)

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