North American stock markets make up lost ground

TORONTO — Promising news in health care and some big technology deals helped fuel a broad-based rebound after last week’s sharp downturn, lifting stock markets in Canada and the U.S. to higher closes.

The S&P/TSX composite index was up 137.68 points at 16,360.14.

In New York, the Dow Jones industrial average was up 327.69 points at 27,993.33. The S&P 500 index was up 42.57 points at 3,383.54, while the Nasdaq composite was up 203.11 points at 11,056.65.

The Canadian dollar traded for 75.90 cents US compared with 75.84 cents US on Friday.

The October crude contract was down seven cents at US$37.26 per barrel and the October natural gas contract was up 4.1 cents at US$2.31 per mmBTU.

The December gold contract was up US$15.80 at US$1,963.70 an ounce and the December copper contract was up nearly three cents at US$3.07 a pound.

This report by The Canadian Press was first published Sept. 14, 2020.

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

By The Canadian Press

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