TORONTO — North American stock markets rebounded from Wednesday’s correction on a broad-based rally even though crude oil prices hit their lowest level in about five months.
The S&P/TSX composite index closed up 84.13 points to 15,670.70.
In New York, the Dow Jones industrial average was up 139.16 points at 26,659.11. The S&P 500 index was up 39.08 points at 3,310.11, while the Nasdaq composite was up 180.72 points at 11,185.59.
The Canadian dollar traded for 74.91 cents US compared with 75.18 cents US on Wednesday.
The December crude contract was down US$1.22 at US$36.17 per barrel and the December natural gas contract was up one cent at US$3.30 per mmBTU.
The December gold contract was down US$11.20 at US$1,868.00 an ounce and the December copper contract was down 0.75 of a cent at nearly US$3.06 a pound.
This report by The Canadian Press was first published Oct. 29, 2020.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)
The Canadian Press
