July 24th, 2024

S&P/TSX composite closes up more than 300 points, U.S. stock markets also higher


By The Canadian Press on July 10, 2024.

People walk in the financial district of Toronto on Friday, Sept. 8, 2023. THE CANADIAN PRESS/Andrew Lahodynskyj

TORONTO – Canada’s main stock index gained 1.4 per cent Wednesday in a broad-based rally led by energy, industrial and utilities stocks, while U.S. stock markets posted new records yet again.

The S&P/TSX composite index closed up 307.73 points at 22,350.23.

In New York, the Dow Jones industrial average was up 429.39 points at 39,721.36. The S&P 500 index was up 56.93 points at 5,633.91,while the Nasdaq composite was 218.16 points higher at 18,647.45.

The Canadian dollar traded for 73.42 cents US compared with 73.32 cents US on Tuesday.

The August crude oil contract was up 69 cents at US$82.10 per barreland the August natural gas contract was down two cents at US$2.33 per mmBTU.

The August gold contract was up US$11.80at US$2,379.70 an ounceand the September copper contract was up three cents at US$4.61 a pound.

This report by The Canadian Press was first published July 10, 2024.

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

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