Utility and tech stocks boost S&P/TSX composite, U.S. stock markets also rise



By: The Canadian Press
Posted:

TORONTO – Strength in utility and technology stocks helped Canada’s main stock index move up in late-morning trading, while U.S. stock markets also climbed higher.

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TORONTO – Strength in utility and technology stocks helped Canada’s main stock index move up in late-morning trading, while U.S. stock markets also climbed higher.

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TORONTO – Strength in utility and technology stocks helped Canada’s main stock index move up in late-morning trading, while U.S. stock markets also climbed higher.

The S&P/TSX composite index was up 77.22 points at 21,937.80.

In New York, the Dow Jones industrial average was up 32.80 points at 39,143.56. The S&P 500 index was up 3.84 points at 5,182.35 points, while the Nasdaq composite was up 11.05 points at 16,177.84.


The S&P TSX composite index screen at the TMX Market Centre in downtown Toronto is seen Friday, Nov. 11, 2022. THE CANADIAN PRESS/Tijana Martin
The S&P TSX composite index screen at the TMX Market Centre in downtown Toronto is seen Friday, Nov. 11, 2022. THE CANADIAN PRESS/Tijana Martin

The Canadian dollar traded for 73.68 cents US compared with 73.63 cents US on Tuesday.

The May crude contract was down US$1.39 at US$81.34 per barrel and the May natural gas contract was down three cents at US$1.85 per mmBTU.

The April gold contract was up US$1.40 at US$2,161.10 an ounce and the May copper contract was down two cents at US$4.06 a pound.

This report by The Canadian Press was first published March 20, 2024.

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

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