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Base metal stocks help boost S&P/TSX composite, U.S. stock markets also climb

Written by on May 21, 2024

TORONTO — Base metal stocks helped Canada’s main stock index climb higher in late-morning trading, while U.S. stock markets also rose.

The S&P/TSX composite index was up 44.88 points at 22,510.25.

In New York, the Dow Jones industrial average was up 80.07 points at 39,886.84. The S&P 500 index was up 7.68 points at 5,315.81, while the Nasdaq composite was up 6.39 points at 16,801.26.

The Canadian dollar traded for 73.29 cents US compared with 73.45 cents US on Friday.

The July crude oil contract was down 35 cents at US$78.95 per barrel and the June natural gas contract was down two cents at US$2.73 per mmBTU.

The June gold contract was down US$1.30 at US$2,437.20 an ounce and the July copper contract was up seven cents at US$5.14 a pound.

This report by The Canadian Press was first published May 21, 2024.

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

The Canadian Press