March 3rd, 2024

S&P/TSX composite gains almost 100 points, U.S. markets also rise Thursday

By The Canadian Press on February 1, 2024.

The Bay Street Financial District is shown with the Canadian flag in Toronto on Friday, August 5, 2022. THE CANADIAN PRESS/Nathan Denette

TORONTO – Canada’s main stock index gained almost a hundred points Thursday despite weakness in energy stocks, while U.S. markets erased a big chunk of their losses from the day before.

The S&P/TSX composite index closed up 97.33 points at 21,119.21.

In New York, the Dow Jones industrial average was up 369.54 points at 38,519.84. The S&P 500 index was up 60.54 points at 4,906.19,while the Nasdaq composite was up 197.63 points at 15,361.64.

The Canadian dollar traded for 74.60 cents UScompared with 74.64 cents US on Wednesday.

The March crude contract was down US$2.03 at US$73.82 per barreland the March natural gas contract was down five cents at US$2.05 per mmBTU.

The April gold contract was up US$3.70 at US$2,071.10 an ounce and the March copper contract was down five cents at US$3.85 a pound.

This report by The Canadian Press was first published Feb. 1, 2024.

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

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