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S&P/TSX composite index up in early trading, U.S. stock markets also climb

TORONTO — Strength in the energy and financial sectors helped lift Canada’s main stock index in early trading and U.S. stock markets also rose, a day after fears of another COVID-19 economic shutdown prompted a sharp drop in stocks.

The S&P/TSX composite index was up 90.87 points at 16,072.64.

In New York, the Dow Jones industrial average was up 87.12 points at 27234.82. The S&P 500 index was up 15.37 points at 3,296.43, while the Nasdaq composite was up 32.43 points at 10,811.23.

The Canadian dollar traded for 75.24 cents US compared with 75.23 cents US on Monday.

The November crude contract was up 59 cents at US$40.13 per barrel and the October natural gas contract was up nearly five cents at US$1.88 per mmBTU.

The December gold contract was up US$9.50 at US$1,920.10 an ounce and the December copper contract was up a nickel at US$3.08 a pound.

This report by The Canadian Press was first published Sept. 22, 2020.

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

The Canadian Press

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