Base metal stocks help boost S&P/TSX composite, U.S. stock markets also climb

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TORONTO — Base metal stocks helped Canada's main stock index climb higher in late-morning trading, while U.S. stock markets also rose. The S&P/TSX composite ...

TORONTO — Base metal stocks helped Canada's main stock index climb higher in late-morning trading, while U.S. stock markets also rose.In New York, the Dow Jones industrial average was up 80.07 points at 39,886.84. The S&P 500 index was up 7.68 points at 5,315.81, while the Nasdaq composite was up 6.39 points at 16,801.26.The July crude oil contract was down 35 cents at US$78.95 per barrel and the June natural gas contract was down two cents at US$2.73 per mmBTU.

-- A coalition of Tesla Inc. shareholders is urging its peers to reject the $56 billion pay package for Chief Executive Officer Elon Musk that the company’s board has asked investors to approve again.

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Michael Burry bought about $8 million worth of a trust that owns physical gold bullion. John Paulson has been betting big on gold for years.China has been pushing for businesses to leave the door open for customers to use cash, with foreigner visitors saying they're struggling to spend.As the Canadian market continues to benefit from moderating inflation trends and a robust economic backdrop, investors are increasingly looking towards stable income-generating options.

 

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