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Stock markets move higher on optimism at start of U.S.-China trade talks

Written by on October 10, 2019

TORONTO — North American stock markets got a lift as trade talks got underway with hopes for a truce between the U.S. and China.

The S&P/TSX composite index was up 42.81 points at 16,422.68.

In New York, the Dow Jones industrial average was up 150.66 points at 26,496.67. The S&P 500 index was up 18.73 points at 2,938.13, while the Nasdaq composite was up 47.04 points at 7,950.78.

The Canadian dollar traded for an average of 75.22 cents US compared with an average of 75.05 cents US on Wednesday.

The November crude contract was up 96 cents at US$53.55 per barrel and the November natural gas contract was down 1.6 cents at US$2.22 per mmBTU.

The December gold contract was down US$11.90 at US$1,500.90 an ounce and the December copper contract was up 4.55 cents at US$2.61 a pound.

 

This report by The Canadian Press was first published Oct. 10, 2019.

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

 

The Canadian Press