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S&P/TSX composite rises Friday despite energy weakness, U.S. markets also up

Written by on August 30, 2024

TORONTO — Canada’s main stock index rose on Friday, as strength in financial and technology stocks helped outweigh weakness in energy, while U.S. markets rose to a solid finish after a day of mixed trading.

The S&P/TSX composite index closed up 118.69 points at 23,346.18.

In New York, the Dow Jones industrial average was up 228.03 points at 41,563.08. The S&P 500 index was up 56.44 points at 5,648.40, while the Nasdaq composite was up 197.20 points at 17,713.62.

The Canadian dollar traded for 74.12 cents US compared with 74.22 cents US on Thursday.

The October crude oil contract was down US$2.36 at US$73.55 per barrel and the October natural gas contract was down a penny at US$2.13 per mmBTU.

The December gold contract was down US$32.70 at US$2,527.60 an ounce and the December copper contract was down a penny at US$4.21 a pound.

This report by The Canadian Press was first published Aug. 30, 2024.

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

The Canadian Press