December 13th, 2024

Telecom and battery metals lead 1% gain on S&P/TSX composite, U.S. markets also rise

By The Canadian Press on November 3, 2023.

Trader Gregory Rowe works on the floor of the New York Stock Exchange, Wednesday, Nov. 1, 2023. THE CANADIAN PRESS/AP-Richard Drew

TORONTO – Broad-based strength led by battery metals and telecom stocks helped the TSX gain one per cent Friday despite weakness in energy stocks, while U.S. markets also rose.

The S&P/TSX composite index closed up 198.51 points at 19,824.85.

In New York, the Dow Jones industrial average was up 222.24 points at 34,061.32. The S&P 500 index was up 40.56 points at 4,358.34, while the Nasdaq composite was up 184.09 points at 13,478.28.

The Canadian dollar traded for 73.08 cents US compared with 72.58 cents US on Thursday.

The December crude contract was down US$1.95 at US$80.51 per barrel and the December natural gas contract was up four cents at US$3.52 per mmBTU.

The December gold contract was up US$5.70 at US$1,999.20 an ounce and the December copper contract was up one cent at US$3.68 a pound.

This report by The Canadian Press was first published Nov. 3, 2023.

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

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