S&P/TSX Composite gain ground on gold, vaccine news

S&P/TSX Composite gain ground on gold, vaccine news
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TORONTO – Stock indexes moved sharply Tuesday, on strength of mining and metals and Covid-19 vaccination news.

The TSX closed Tuesday up 119.08 points to 17,506.48. The Canadian dollar moved up to close at 78.75 cents U.S.

The resource sector had some of the largest percentage gainers as Silvercorp Metals jumped .58 cents, or 4.9% closing at $7.75, while Alamos Gold climbed .45 cents, or 8.1% closing at $11.70.

South of the border, US traders grew more optimistic about Congress passing another Covid-19 economic relief package.

The Dow Jones Industrials shot higher 337.06 points to close at 30,199.31.

The S&P 500 jumped 47.13 points to 3,694.62. All 11 S&P 500 sectors registered gains on Tuesday, led by energy and utilities.

The NASDAQ surged higher 155.02 points, or 1.7% to 12,595.06, reaching a new record closing high.

Oil prices regained 55 cents to $47.60 U.S. a barrel.

Gold moved up $24.50 to $1,849.60

 

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