North American stock markets surge higher at the start of trading


TORONTO — The energy, financial and industrial sectors led a broad rally as Canada’s main stock index surged higher in early trading, while U.S. stock markets also moved up.

The S&P/TSX composite index was up 287.99 points at 15,647.65.

In New York, the Dow Jones industrial average was up 775.17 points at 26,538.33. The S&P 500 index was up 80.27 points at 3,146.86, while the Nasdaq composite was up 201.98 points at 9,928.00.

The Canadian dollar traded for 73.86 cents US compared with 73.51 cents US on Monday.

The July crude contract was up US$1.26 at US$38.38 per barrel and the July natural gas contract was down nearly five cents at US$1.62 per mmBTU.

The August gold contract was up US$1.10 at US$1,728.30 an ounce and the July copper contract was up three cents at US$2.60 a pound.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)