May 3rd, 2024

S&P/TSX composite gains more than 200 points, U.S. markets also rise

By The Canadian Press on April 5, 2024.

A signboard is displayed at the TMX in Toronto on Wednesday, Nov. 1, 2023. THE CANADIAN PRESS/Chris Young

TORONTO – Canada’s main stock index gained more than 200 points in a broad-based rally on Friday while U.S. markets also rose.

The S&P/TSX composite index closed up 212.59 points at 22,264.38.

In New York, the Dow Jones industrial average was up 307.06 points at 38,904.04. The S&P 500 index was up 57.13 points at 5,204.34 and the Nasdaq composite was up 199.44 points at 16,248.52, both gaining more than one per cent.

The Canadian dollar traded for 73.54 cents US compared with 74.05 cents US on Thursday.

The May crude oil contract was up 32 cents at US$86.91 per barreland the May natural gas contract was up two cents at US$1.79 per mmBTU.

The June gold contract was up $36.90 at US$2345.40 an ounce and the May copper contract was down a penny at US$4.24 a pound.

This report by The Canadian Press was first published April 5, 2024.

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

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