S&P/TSX composite up more than 1%, U.S. stock markets rally to new heights
Written by The Canadian Press on September 19, 2024
TORONTO — Canada’s main stock index gained more than one per cent on Thursday, while U.S. stock markets rallied to new records one day after the U.S. Federal Reserve cut its key interest rate.
The S&P/TSX composite index closed up 273.67 points at 23,866.27.
In New York, the Dow Jones industrial average was up 522.09 points at 42,025.19. The S&P 500 index was up 95.38 points at 5,713.64, while the Nasdaq composite was up 440.68 points at 18,013.98.
The Canadian dollar traded for 73.73 cents US compared with 73.58 cents US on Thursday.
The November crude oil contract was up US$1.28 at US$71.16 per barrel and the October natural gas contract was up seven cents at US$2.35 per mmBTU.
The December gold contract was up US$16.00 at US$2,614.60 an ounce and the December copper contract was up five cents at US$4.35 a pound.
This report by The Canadian Press was first published Sept. 19, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press