North American markets close higher on positive outlook for U.S.-China trade deal

North American markets close higher on positive outlook for U.S.-China trade deal
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TORONTO — North American markets all closed higher on a broad-based rally fuelled by a positive outlook on China and the U.S. reaching a trade agreement.

The S&P/TSX composite index gained 115.23 points to end at 14,783.06.

In New York, the Dow Jones industrial average was up 157.03 points at 24,527.27. The S&P 500 index was up 14.29 at 2,651.07 while the Nasdaq composite was up 66.48 points at 7,098.31.

The Canadian dollar traded at an average of 74.93 cents US compared with an average of 74.62 cents US on Tuesday.

The January crude contract was down 50 cents at US$51.15 per barrel and the January natural gas contract was down 27.1 cents at US$4.14 per mmBTU.

The February gold contract was up US$2.80 at US$1,250 an ounce and the March copper contract was up 0.3 of a cent at US$2.77 a pound.

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

The Canadian Press

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