Materials sector leads Toronto stock market higher, while energy also gains

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 99%

United States News News

United States United States Latest News,United States United States Headlines

Gains in the materials sector led Canada's main stock index higher in late-morning trading, while the energy sector also gained ground as the price of oil moved higher.

In New York, the Dow Jones industrial average was up 48.38 points at 24,270.37. The S&P 500 index was up 0.17 of a point at 2,930.49, while the Nasdaq composite was up 27.61 points at 9,219.95.The July crude contract was up 99 cents at US$26.07 per barrel and the June natural gas contract was down a nickel at nearly US$1.78 per mmBTU.

The June gold contract was up US$15.40 at US$1,713.40 an ounce and the July copper contract was down about a penny at nearly US$2.37 a pound.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

John Ivison: Liberals couldn’t resist anti-oil pandering with their badly needed business backstopThe focus should be on providing capital to put people back to work, not about airing grievances over the energy sector in an effort to win the next election Turns out 70% of the oil sands is foreign owned. Disgraceful. Tying political goals to federal loans during a pandemic. IvisonJ Some Canadians who listened to Alberta threaten to separate, DO want ecological progress and dislike throwing money at an industry that we'd ideally like to grow away from. Asking for environment considerations? Reasonable to me.
Source: nationalpost - 🏆 10. / 80 Read more »

Why markets have disconnected from the economy, clean energy stocks prove resilient, and has Buffett been replaced as the world’s greatest capitalist?Why markets have disconnected from the economy, clean energy stocks prove resilient, and has Buffett been replaced as the world’s greatest capitalist? GlobeInvestor globeinvestor The people who drive the bulk of the investment money are not the bulk of the people. globeinvestor Yes, he was replaced when: he sold walmart stake, then sold airlines and finally when he called Bitcoin a non value asset. Bitcoin is being considered finally as a way to fight the printing machine of the FED and future inflation. globeinvestor A lot of trading is being done by algorithms - automated trading, black-box trading, or algo-trading as it is known. It makes no sense for markets to go up. Consumer spending will be the real benchmark as the economies around the world start to open up.
Source: globeandmail - 🏆 5. / 92 Read more »

Asian stocks follow Wall Street higher on recovery hopesAsian stock markets and U.S. futures rose Monday as investors looked past dismal American jobs and other data toward hopes for a global recovery from the coronavirus pandemic.
Source: CTVNews - 🏆 1. / 99 Read more »