North American stock markets climb on economic data and potential virus treatment

North American stock markets climb on economic data and potential virus treatment
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TORONTO — North American stock markets climbed as signs of a faster economic recovery and a promising potential treatment for COVID-19 offset lingering concerns about a second wave of infection.

The S&P/TSX composite index closed up 156.17 points at 15,515.82.

In New York, the Dow Jones industrial average was up 526.82 points or two per cent at 26,289.98. The S&P 500 index was up 58.15 points at 3,124.74, while the Nasdaq composite was up 169.84 points at 9,895.87.

The Canadian dollar traded for 73.76 cents US compared with 73.51 cents US on Monday.

The July crude contract was up US$1.26 at US$38.38 per barrel and the July natural gas contract was down 5.5 cents at US$1.61 per mmBTU.

The August gold contract was up US$9.30 at US$1,736.50 an ounce and the July copper contract was down two tenths of a cent at US$2.56 a pound.

This report by The Canadian Press was first published June 16, 2020.

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

 

The Canadian Press


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