S&P/TSX composite rises Friday while U.S. markets see tech-led rally
Written by The Canadian Press on January 3, 2025
TORONTO — Canada’s main stock index rose Friday, led by strength in technology and telecom stocks, while U.S. markets rallied, led by major tech names.
The S&P/TSX composite index closed up 175.51 points at 25,073.54.
In New York, the Dow Jones industrial average was up 339.86 points at 42,732.13. The S&P 500 index was up 73.92 points at 5,942.47, while the Nasdaq composite was up 340.89 points at 19,621.68.
The Canadian dollar traded for 69.24 cents US compared with 69.36 cents US on Thursday.
The February crude oil contract was up 83 cents at US$73.96 per barrel and the February natural gas contract was down 31 cents at US$3.35 per mmBTU.
The February gold contract was down US$14.30 at US$2,654.70 an ounce and the March copper contract was up four cents at US$4.07 a pound.
This report by The Canadian Press was first published Jan. 3, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press