Energy sector helps lift stocks in Toronto, U.S. stock markets surge higher

Energy sector helps lift stocks in Toronto, U.S. stock markets surge higher
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TORONTO — Canada’s main stock index closed higher in a broad rally led by energy stocks, while in the U.S. tech stocks led markets to sharper gains.

The S&P/TSX composite index closed up 110.03 points at 16,106.24.

In New York, the Dow Jones industrial average closed up 200.64 points at 25,650.88, despite being weighed down by a five per cent drop in Boeing’s stock after a second of its 737 MAX aircraft crashed in recent months. The S&P 500 index was up 40.23 points at 2,783.30, while the Nasdaq composite was up 149.92 points at 7,558.06.

The Canadian dollar averaged 74.55 cents US, compared with an average of 74.50 cents US on Friday.

The April crude contract ended up 72 cents at US$56.79 per barrel and the April natural gas contract was down nine cents at US$2.77 per mmBTU.

The April gold contract closed down US$8.20 at US$1,291.10 an ounce and the May copper contract was up a penny at US$2.90 a pound.

 

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

 

The Canadian Press

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