December 14th, 2024

S&P/TSX composite gains more than 150 points Monday, U.S. markets also climb

By The Canadian Press on October 16, 2023.

Bank towers are shown from Bay Street in Toronto's financial district, on Wednesday, June 16, 2010. THE CANADIAN PRESS/Adrien Veczan

TORONTO – Strength in base metal, financial and technology stocks helped lead a broad-based rally Monday, with Canada’s main stock index rising more than 150 points while U.S. stock markets also climbed higher.

The S&P/TSX composite index was up 157.94 points at 19,620.80.

In New York, the Dow Jones industrial average was up 314.25 points at 33,984.54. The S&P 500 index was up 45.85 points at 4,373.63,while the Nasdaq composite was up 160.75 points at 13,567.98.

The Canadian dollar traded for 73.43 cents US compared with 73.20 cents US on Friday.

The November crude contract was down US$1.03 at US$86.66 per barrel and the November natural gas contract was down 13 cents at US$3.11 per mmBTU.

The December gold contract was down US$7.20 at US$1,934.30 an ounceand the December copper contract was up a penny at US$3.58 a pound.

This report by The Canadian Press was first published Oct. 16, 2023.

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

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