S&P/TSX composite rises Thursday, U.S. markets gain with Nasdaq up 2.5 per cent

TORONTO –

Markets in Canada and the U.S. climbed steadily Thursday in one more reversal throughout a risky week, with tech serving to drive energy in addition to some indicators of restoration in embattled monetary shares.

The S&P/TSX composite index was up 160.17 factors to 19,539.01.

In New York, the Dow Jones industrial common was up 371.98 factors, or 1.2 per cent, to 32,246.55. The S&P 500 index was up 68.35 factors, or 1.8 per cent, to three,960.28, whereas the Nasdaq composite was up 283.33 factors, or 2.5 per cent, to 11,717.28.

The Canadian greenback traded for 72.76 cents US in contrast with 72.58 cents US on Wednesday.

The April crude contract was up 74 cents at US$68.35 per barreland the April pure fuel contract was up eight cents to US$2.51 per mmBTU.

The April gold contract was down US$8.30 at US$1923.0 an oz and the May copper contract was up two cents to US$3.86 a pound.

This report by The Canadian Press was first printed March 16, 2023.