May 30th, 2024

S&P/TSX composite posts new record Thursday, U.S. markets also rise

By The Canadian Press on May 9, 2024.

A signboard displays the TSX level in the financial district in Toronto on Wednesday, Sept. 29, 2021. THE CANADIAN PRESS/Evan Buhler

TORONTO – Canada’s main stock index rose to a new record high, led by strength in energy, telecom and base metals, while U.S. markets also moved higher.

The S&P/TSX composite index closed up 116.67 points at 22,375.83.

In New York, the Dow Jones industrial average was up 331.37 points at 39,387.76. The S&P 500 index was up 26.41 points at 5,214.08, while the Nasdaq composite was up 43.51 points at 16,346.26.

The Canadian dollar traded for 73.04 cents UScompared with 72.81 cents on Wednesday.

The June crude oil contract was up 27 cents at US$79.26 per barrel and the June natural gas contract was up 11 cents at US$2.30 per 1,000 cubic feet.

The June gold contract was up US$18.00 at US$2,340.30 an ounce and the July copper contract was up five cents at US$4.59 a pound.

This report by The Canadian Press was first published May 9, 2024.

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

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