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TSX recap: Index climbs 0.83% on utilities, telecom stocks

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Strength in the utilities, telecommunications and financial sectors helped lift Canada's main stock index higher Wednesday, while U.S. stock markets also rose.

In New York, the Dow Jones Industrial Average was up 65.57 points at 33,804.87. The S&P 500 Index was up 18.71 points at 4,376.95, while the Nasdaq Composite was up 96.83 points at 13,659.68.The November crude oil contract was down US$2.48 at US$83.49 per barrel and the November natural gas contract was down half a penny at US$3.38 per mm/BTU.

The December gold contract was up US$12.00 at US$1,887.30 an ounce and the December copper contract was down two cents at US$3.61 a pound.Experts watching global oil markets for impacts from the Israel-Gaza war said Wednesday that the biggest risk to oil prices would likely come from Iran, should the country become involved in the conflict.Exxon Mobil Corp.'s acquisition of Pioneer Natural Resources in a US$59.

 

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