S&P/TSX composite up more than 350 points, U.S. stock markets also higher
Canada's main stock index, the S&P/TSX composite, surged over 350 points by late-morning trading, driven by robust performance in the base metal and technology sectors. The index closed at 35,849.69 points.
Simultaneously, U.S. stock markets also experienced gains, with the Dow Jones industrial average rising 278.90 points to 51,740.80 and the S&P 500 climbing 73.43 points to 7,625.24. The Nasdaq composite index added 390.93 points to 26,369.36.
The Canadian dollar strengthened to 71.50 cents US against the US dollar, compared to 71.70 cents US the previous day. Meanwhile, crude oil prices dropped by 1.55 US dollars to 100.88 per barrel, while gold prices increased by 10.90 US dollars to 4,398.40 an ounce.
Written by urgent.news from Winnipeg Free Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
