S&P/TSX composite up nearly 300 points, U.S. stock markets also climb higher

TORONTO — Gains in the energy, base metal and technology sectors helped lead a broad-based rally as Canada’s main stock index gained nearly 300 points in late-morning trading, while U.S. stock markets also marched higher.

The S&P/TSX composite index was up 295.44 points at 19,708.44.

In New York, the Dow Jones industrial average was up 292.74 points at 32,067.26. The S&P 500 index was up 44.40 points at 4,050.58, while the Nasdaq composite was up 189.21 points at 12,051.34.

The Canadian dollar traded for 76.66 cents US compared with 76.24 cents US on Thursday.

The October crude contract was up US$2.47 at US$86.01 per barrel and the October natural gas contract was up three cents at US$7.94 per mmBTU.

The December gold contract was up US$5.10 at US$1,725.30 an ounce and the December copper contract was up two cents at US$3.54 a pound.

This report by The Canadian Press was first published Sept. 9, 2022.

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

The Canadian Press