Investor optimism pushes stock markets, oil and loonie to near three-month highs

Investor optimism pushes stock markets, oil and loonie to near three-month highs
Share this article

TORONTO — Investor optimism about economic reopenings pushed North American stock markets, crude oil prices and the loonie to nearly three-month highs.

The S&P/TSX composite index closed up 158.15 points at 15,394.36.

In New York, the Dow Jones industrial average was up 267.63 points at 25,742,65. The S&P 500 index was up 25.09 points at 3,080.82, while the Nasdaq composite was up 56.33 points at 9,608.38.

The Canadian dollar traded for 73.99 cents US compared with 73.37 cents US on Monday.

The July crude contract was up US$1.37 at US$36.81 per barrel and the July natural gas contract was up 0.3 of a cent at nearly US$1.78 per mmBTU.

The August gold contract was down US$16.30 cents at US$1,734.00 an ounce and the July copper contract was up 2.05 cents at US$2.49 a pound.

This report by The Canadian Press was first published June 2, 2020.

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

 

The Canadian Press


Related posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.