June 29th, 2024

S&P/TSX composite rises Thursday while U.S. markets gain on tech, financials

By The Canadian Press on March 16, 2023.

Falling Canadian dollar coins or loonies are pictured in North Vancouver, B.C. Wednesday, May 29, 2019. THE CANADIAN PRESS/Jonathan Hayward

TORONTO – Markets in Canada and the U.S. were up mid-morning on Thursday, with tech stocks in the U.S. helping drive strength as well as some signs of recovery in embattled financial stocks.

The S&P/TSX composite index was up 86.56 points to 19,465.40.

In New York, the Dow Jones industrial average was up 171.28 points to 32,045.85. The S&P 500 index was up 42.40 points to 3,934.33, while the Nasdaq composite was up 201.72 points to 11,635.77.

The Canadian dollar traded for 72.70 cents US compared with 72.58 cents US on Wednesday.

The April crude contract was down 40 cents at US$67.21 per barrel and the April natural gas contract was up eight cents to US$2.52 per mmBTU.

The April gold contract was down US$12.20 at US$1919.20 an ounce and the May copper contract was up a penny to US$3.86 a pound.

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

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

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