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Resource stocks help drive S&P/TSX composite higher, U.S. markets mixed

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TORONTO — Strength in resource and industrial stocks helped Canada's main stock index close higher Thursday, while U.S. stock markets were mixed. The S&P/TSX composite index closed up 64.45 points at 21,581.35.

TORONTO — Strength in resource and industrial stocks helped Canada's main stock index close higher Thursday, while U.S. stock markets were mixed.The technology index on the S&P/TSX composite was down about 0.6 per cent as U.S. tech stocks also pulled back after significant gains recently.

In New York, where markets were closed on Wednesday for the Juneteenth holiday, the Dow Jones industrial average ended up 299.90 points at 39,134.76. The S&P 500 index was down 13.86 points at 5,473.17, while the Nasdaq composite was down 140.64 points at 17,721.59. U.S. benchmark crude prices have rebounded from close to US$73 at the start of June, boosted by both higher potential demand in the summer season and more economic optimism, said Mahajan.

 

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