TSX misses out as U.S. stock markets surge on gridlock result from U.S. election

TSX misses out as U.S. stock markets surge on gridlock result from U.S. election
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TORONTO — U.S. stock markets surged higher in the aftermath of a close U.S. election that will likely result in a continuation of divided government, while Canada’s main index was held back as the shine came off gold.

The S&P/TSX composite index closed up 59.59 points to 15,998.74.

The Dow Jones industrial average gained 367.63 points to 27,847.66. The S&P 500 index was up 74.42 points to 3,443.44, while the Nasdaq composite index was up 430.21 points or almost four per cent to 11,590.78.

The Canadian dollar was trading at 76.12 cents US compared to an average of 76.07 cents US on Tuesday.

The December crude contract was up US$1.49 at US$39.15 per barrel and the December natural gas contract was down 1.3 cents at nearly US$3.05 per mmBTU.

The December gold contract was down US$14.20 at US$1,896.20 an ounce and the December copper contract was up 1.45 cents at almost US$3.11 a pound.

This report by The Canadian Press was first published Nov. 4, 2020.

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

The Canadian Press

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