May 25th, 2024

Utility and tech stocks help boost S&P/TSX composite, U.S. stock markets also up

By The Canadian Press on May 15, 2024.

The S&P TSX composite index screen at the TMX Market Centre in Toronto is photographed on Friday, Nov.11, 2022. THE CANADIAN PRESS/ Tijana Martin

TORONTO – Strength in technology and utility stocks helped Canada’s main stock index climb in late-morning trading, while U.S. stock markets also rose.

The S&P/TSX composite index was up 66.75 points at 22,310.09.

In New York, the Dow Jones industrial average was up 258.25 points at 39,816.36. The S&P 500 index was up 42.46 points at 5,289.14, while the Nasdaq composite was up 150.92 points at 16,662.10.

The Canadian dollar traded for 73.47 cents US compared with 73.24 cents US on Tuesday.

The June crude oil contract was down six cents at US$77.96 per barrel and the June natural gas contract was unchanged at US$2.34 per mmBTU.

The June gold contract was up US$24.60 at US$2,384.50 an ounce and the July copper contract was up three cents at US$4.92 a pound.

This report by The Canadian Press was first published May 15, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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