North American markets push higher on strong U.S. bank earnings
Written by The Canadian Press on October 11, 2024
TORONTO — North American stock markets pushed higher Friday as strong earnings from some of the big U.S. banks painted a picture of an economy that is still humming.
The S&P/TSX composite index was up 168.91 points at 24,471.17.
In New York, the Dow Jones industrial average was up 409.74 points at 42,863.86. The S&P 500 index was up 34.98 points at 5,815.03, while the Nasdaq composite was up 60.89 points at 18.342.94.
The Canadian dollar traded for 72.67 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 29 cents at US$75.56 per barrel and the November natural gas contract was down five cents at US$2.63 per mmBTU.
The December gold contract was down US$37 at US$2,676.30 an ounce and the December copper contract was up six cents at US$4.49 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press