S&P/TSX composite up almost 250 points Tuesday, U.S. markets also rise
Written by The Canadian Press on July 16, 2024
TORONTO — Gains in industrial and technology stocks led Canada’s main stock index up more than one per cent on Tuesday, outweighing weakness in energy, while U.S. stock markets also rose, led by a rally on the Dow.
The S&P/TSX composite index closed up 243.71 points at 22,995.39.
In New York, the Dow Jones industrial average was up 742.76 points at 40,954.48. The S&P 500 index was up 35.98 points at 5,667.20, while the Nasdaq composite was up 36.77 points at 18,509.34.
The Canadian dollar traded for 73.07 cents US compared with 73.19 cents US on Monday.
The August crude oil contract was down $1.15 at US$80.76 per barrel and the August natural gas contract was up three cents at US$2.19 per mmBTU.
The August gold contract was up US$38.90 at US$2,467.80 an ounce and the September copper contract was down eight cents at US$4.53 a pound.
This report by The Canadian Press was first published July 16, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press