Industrials and financials lead rally on TSX, U.S. stock markets up

Industrials and financials lead rally on TSX, U.S. stock markets up
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TORONTO — Canada’s main stock index posted a triple-digit advance in early trading, powered by a broad-based rally on the Toronto Stock Exchange led by the financial and industrial sectors, while U.S. stock markets also surged higher.

The S&P/TSX composite index was up 132.44 points at 16,368.57.

In New York, the Dow Jones industrial average was up 318.46 points at 28,091.22. The S&P 500 index was up 38.23 points at 3,399.18, while the Nasdaq composite was up 139.13 points at 11,293.73.

The Canadian dollar traded for 75.33 cents US compared with 75.35 cents US on Tuesday.

The November crude contract was down 94 cents at US$39.73 per barrel and the November natural gas contract was up 15 cents at US$2.67 per mmBTU.

The December gold contract was down US$21.30 at US$1,887.50 an ounce and the December copper contract was up six cents at US$3.03 a pound.

This report by The Canadian Press was first published Oct. 7, 2020.

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

The Canadian Press

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