S&P/TSX Surges Over 200 Points; U.S. Stocks on the Rise

Bassyonni

ago 13 hours

S&P/TSX Surges Over 200 Points; U.S. Stocks on the Rise

Canada’s main stock index surged over 200 points in late-morning trading, buoyed by a robust performance in the technology sector. This boost also coincided with a positive trend in U.S. stock markets.

S&P/TSX and U.S. Stock Market Performance

The S&P/TSX composite index rose by 205.51 points, reaching a total of 30,391.79. Meanwhile, in New York:

Dow Jones Industrial Average: Increased by 479.76 points to 47,214.37
S&P 500 Index: Up by 62.75 points to 6,801.19
Nasdaq Composite: Gained 270.24 points, reaching 23,212.04

Currency and Commodity Updates

The Canadian dollar was trading at 71.32 cents against the U.S. dollar, a slight decrease from Thursday’s rate of 71.46 cents. In commodities, the December crude oil contract rose by 42 cents, bringing the price to US$62.21 per barrel. Conversely, the December gold contract fell by US$12.20, settling at US$4,133.40 an ounce.