S&P/TSX composite up almost 350 points, U.S. stock markets also rally

By The Canadian Press on August 8, 2024.

TORONTO – Canada’s main stock index rose almost 350 points Thursday, powered by a broad-based rally on the Toronto market, while U.S. stocks also surged higher.

The S&P/TSX composite index closed up 344.66 points at 22,225.61.

In New York, the Dow Jones industrial average was up 683.04 points at 39,446.49. The S&P 500 index was up 119.81 points at 5,319.31, while the Nasdaq composite was up 464.22 points at 16,660.02.

The Canadian dollar traded for 72.76 cents US compared with 72.79 cents US on Wednesday.

The September crude oil contract was up 96 cents at US$76.19 per barreland the September natural gas contract was up two cents at US$2.13 per mmBTU.

The December gold contract was up US$30.90 at US$2,463.30 an ounce and the September copper contract was up a penny at US$3.96 a pound.

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

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

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