In New York, the Dow Jones Industrial Average was up 230.36 points at 33,835.01. The S&P 500 Index was up 41.45 points at 4,377.11, while the Nasdaq composite was up 154.86 points at 13,639.10.The November crude contract was down 75 cents at US$85.63 per barrel and the November natural gas contract was up less than a penny at US$3.38 per mm/BTU.The December gold contract was up US$6.50 at US$1,870.80 an ounce and the December copper contract was down three cents at US$3.62 a pound.
The world economy has lost momentum from the impact of higher interest rates, the invasion of Ukraine and widening geopolitical rifts, and it now faces new uncertainty from the war between Israel and Hamas militants, International Monetary Fund warned Tuesday.Workers at General Motors Co.’s Canadian plants are on strike, idling key factories in Ontario, after contract negotiations with the union representing about 4,300 employees failed to bring an agreement.