Losses in technology stocks helped lead TSX lower Thursday

Losses in technology stocks helped lead Canada's main stock index lower in late-morning trading, while U.S. stock markets were mixed.

U.S. earnings season appears to be supporting a broadening of the rally that was already underway, said Allan Small, senior investment adviser at iA Private Wealth.

“Overall, it looks like we were seeing a bit of a rotation maybe into some of the other areas … which is a good thing for the rally, for a bull market,” he said.

“We’re seeing banks participate on the back of some strong earnings.”