S&P/TSX composite up almost 500 points in broad based rally, U.S. markets also up

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A broad-based rally pushed Canada’s essential inventory index up by nearly 500 factors Tuesday, whereas U.S. inventory markets had been additionally up.

The S&P/TSX composite index closed up 489.80 factors, or 2.6 per cent, at 19,370.99.

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S&P/TSX composite up greater than 400 factors as oil tops US$80 a barrel

In New York, the Dow Jones industrial common was up 825.43 factors, or 2.8 per cent, at 30,316.32. The S&P 500 index was up 112.5 factors, or 3.1 per cent, at 3,790.93, whereas the Nasdaq composite was up 360.97 factors, or 3.3 per cent, at 11,176.41.

The Canadian greenback traded for 73.67 cents US in contrast with 73.20 cents US on Monday.

The November crude contract was up US$2.89 at US$86.52 per barrel and the November pure gasoline contract was up 37 cents at US$6.84 per mmBTU.

Story continues under commercial

The December gold contract was up US$28.50 at US$1,730.50 an oz. and the December copper contract was up eight cents at US$3.49 a pound.

© 2022 The Canadian Press

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