S&P/TSX composite posts gain Monday despite energy losses, U.S. markets rise rise

By The Canadian Press on January 8, 2024.

TORONTO – Canada’s main stock index rose Monday despite losses in the energy sector, while U.S. markets also gained, led by a more than two per cent rise for the Nasdaq.

The S&P/TSX composite index closed up 137.36 points at 21,074.91.

In New York, the Dow Jones industrial average was up 216.90 points at 37,683.01. The S&P 500 index was up 66.30 points at 4,763.54,while the Nasdaq composite was up 319.70 points at 14,843.77.

The Canadian dollar traded for 74.78 cents UScompared with 74.92 cents US on Friday.

The February crude oil contract was down US$3.04 at US$70.77 per barreland the February natural gas contract was up nine cents at US$2.98 per mmBTU.

The February gold contract was down US$16.30 at US$2,033.50 an ounce and the March copper contract was up less than a penny at US$3.81 a pound.

This report by The Canadian Press was first published Jan. 8, 2024.

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

Note to readers: This is a corrected story. An earlier version incorrectly stated the direction the S&P/TSX composite moved in late-morning trading.

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