North American stock markets rise on hopes of clear U.S. election result

North American stock markets rise on hopes of clear U.S. election result
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TORONTO — North American stock markets rebounded for a second day from last week’s large losses on hopes that the long and contentious U.S. election ends in a clear outcome.

The S&P/TSX composite index closed up 242.28 points or 1.5 per cent to 15,939.15 in a broad-based rally.

In New York, the Dow Jones industrial average was up 554.98 points at 27,480.03. The S&P 500 index was up 58.92 points at 3,369.16, while the Nasdaq composite was up 202.96 points at 11,160.57.

The Canadian dollar traded for 76.07 cents US compared with 75.43 cents US on Monday.

The December crude contract was up 85 cents at US$37.66 per barrel and the December natural gas contract was down 18.5 cents at US$3.06 per mmBTU.

The December gold contract was up US$17.90 at US$1,910.40 an ounce and the December copper contract was up 1.55 cents at US$3.09 a pound.

This report by The Canadian Press was first published Nov. 3, 2020.

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

Ross Marowits, The Canadian Press

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