Technology stocks have contributed to a robust rally in Canada’s main stock index, which surged by over 150 points during late-morning trading. This positive momentum is not limited to Canada, as U.S. stock markets also experienced significant gains.
The S&P/TSX composite index reached 19,868.12, reflecting an increase of 176.91 points.
In New York, the Dow Jones industrial average rose by 144.55 points to reach 34,433.38. The S&P 500 index also witnessed an upward trend, surging by 39.81 points to reach 4,427.36. Additionally, the Nasdaq composite experienced a substantial increase of 205.77 points, reaching 13,711.64.
Meanwhile, the Canadian dollar was traded at 73.78 cents US, slightly lower than the previous trading session.
The October crude contract saw a decline of 41 cents, settling at US$79.23 per barrel. Similarly, the October natural gas contract witnessed a decrease of three cents, trading at US$2.63 per mmBTU.
On the other hand, the December gold contract experienced an upswing, rising by US$19.90, reaching US$1,945.90 per ounce. Additionally, the September copper contract increased by five cents, trading at US$3.81 per pound.
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