TC Energy CorpTRP.TO was a drag on the sector. U.S. stock indexes rallied after Federal Reserve Chair Jerome Powell acknowledged that inflation was starting to ease following a quarter-point hike by the U.S. central bank. The Toronto market's energy sector fell 2.8% as oil settled 3.1% lower at $74.41 a barrel, pressured by U.S. government data showing a big build in inventory.