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S&P/TSX composite up to regain some of Thursday’s losses, U.S. markets also rise

Written by on May 24, 2024

TORONTO — A broad-based rally helped Canada’s main stock index close up more than 100 points Friday to largely recover from losses a day earlier, while U.S. stock markets also climbed.

The S&P/TSX composite index ended up 120.08 points at 22,320.87.

In New York, the Dow Jones industrial average was up 4.33 points at 39,069.59. The S&P 500 index was up 36.88 points at 5,304.72, while the Nasdaq composite was up 184.76 points at 16,920.79.

The Canadian dollar traded for 73.14 cents US compared with 72.98 cents US on Thursday.

The July crude oil contract was up 85 cents at US$77.72 per barrel and the June natural gas contract was down 14 cents at US$2.52 per 1,000 cubic feet.

The June gold contract was down US$2.70 at US$2,334.50 an ounce and the July copper contract was down four cents at US$4.75 a pound.

This report by The Canadian Press was first published May 24, 2024.

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

The Canadian Press