December 11th, 2024

S&P/TSX composite moves higher on energy and telecom strength, U.S. markets mixed

By The Canadian Press on July 21, 2023.

The U.S. flag flies over the side entrance to the New York Stock Exchange in New York Tuesday, July 18, 2023. Stocks of several financial titans are leading Wall Street higher Tuesday following some mixed reports on the economy. THE CANADIAN PRESS/AP-J. David Ake

TORONTO – Canada’s main stock index gained more than 100 points Friday, led by strength in energy and telecom stocks, while U.S. markets were mixed.

The S&P/TSX composite index was up 110.64 points at 20,547.51.

In New York, the Dow Jones industrial average was up 2.51 points at 35,227.69.The S&P 500 index was up 1.47 points at 4,536.34, while the Nasdaq composite was down 30.50 points at 14,032.81.

The Canadian dollar traded for 75.69 cents US compared with 75.92 cents US on Thursday.

The September crude oil contract was up US$1.42 at US$77.07 per barrel and the September natural gas contract was down two cents at US$2.71 per mmBTU.

The August gold contract was down US$4.30 at US$1,966.60 an ounce and the September copper contract was down two cents at US$3.82 a pound.

This report by The Canadian Press was first published July 21, 2023.

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

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