July 21st, 2024

S&P/TSX composite up 150 points, U.S. markets rally with S&P 500 hitting record

By The Canadian Press on January 19, 2024.

TORONTO – Strength in financial, utilities and technology stocks helped the TSX gain almost 150 points Friday, while U.S. markets broadly rose on the back of technology, with the S&P 500 rallying to hit a new all-time record high.

The S&P/TSX composite index closed up 149.79 points at 20,906.52.

In New York, the Dow Jones industrial average was up 395.19 points at 37,863.80.The S&P 500 index was up 58.87 points at 4,839.81, while the Nasdaq composite was up 255.32 points at 15,310.97.

The Canadian dollar traded for 74.28 cents UScompared with 74.05 cents US on Thursday.

The March crude oil contract was down 70 cents at US$73.25 per barreland the March natural gas contract was down 16 cents at US$2.25 per mmBTU.

The February gold contract was up US$7.70 at US$2,029.30 an ounceand the March copper contract was up four cents at US$3.79 a pound.

This report by The Canadian Press was first published Jan. 19, 2024.

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

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