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S&P/TSX composite up more than 150 points in record-high territory

Written by on May 9, 2024

TORONTO — Canada’s main stock index was up more than 150 points, as strength in telecommunication stocks and the base metal sector helped put it into record-high territory in late-morning trading.

The S&P/TSX composite index was up 151.77 points at 22,410.93.

In New York, the Dow Jones industrial average was up 177.66 points at 39,234.05. The S&P 500 index was up 18.24 points at 5,205.91, while the Nasdaq composite was up 44.77 points at 16,347.53.

The Canadian dollar traded for 73.08 cents US compared with 72.81 cents on Wednesday.

The June crude oil contract was up 55 cents at US$79.54 per barrel and the June natural gas contract was up nine cents at US$2.28 per mmBTU.

The June gold contract was up US$18.70 at US$2,341.00 an ounce and the July copper contract was up three cents at US$4.57 a pound.

This report by The Canadian Press was first published May 9, 2024.

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

The Canadian Press