Tech gains help S&P/TSX composite rise more than 100 points, U.S. stocks also up

TORONTO –

Strength within the expertise sector helped lead a broad-based rally as Canada’s principal inventory index gained greater than 100 factors in late-morning buying and selling, whereas U.S. inventory markets additionally surged larger.

The S&P/TSX composite index was up 137.31 factors at 19,670.09.

In New York, the Dow Jones industrial common was up 419.91 factors at 32,450.02. The S&P 500 index was up 63.20 factors at 4,000.17, whereas the Nasdaq composite was up 261.15 factors at 11,931.11.

The Canadian greenback traded for 73.35 cents US in contrast with 72.93 cents US on Wednesday.

The May crude contract was up 33 cents at US$71.23 per barrel and the May pure fuel contract was up 5 cents at US$2.36 per mmBTU.

The April gold contract was up US$32.20 at US$1,981.80 an oz. and the May copper contract was up 5 cents at US$4.10 a pound.

This report by The Canadian Press was first revealed March 23, 2023