North American stock markets storm back in broad-based mater morning rally


TORONTO — North American stock markets stormed back from steep losses caused by concerns about a rise in COVID-19 variants with a broad-based rally.

The S&P/TSX composite index was up 222.65 points at 19,949.10.

In New York, the Dow Jones industrial average was up 549.45 points at 34,511.49. The S&P 500 index was up 59.27 points at 4,317.76, while the Nasdaq composite was up 169.49 points at 14,444.47.

The Canadian dollar traded for 78.47 cents US compared with 78.38 cents US on Monday.

The September crude oil contract was up 56 cents at US$66.91 per barrel and the August natural gas contract was up 8.4 cents at US$3.86 per mmBTU.

The August gold contract was down 70 cents at US$1,808.50 an ounce and the September copper contract was up 5.9 cents at US$4.26 a pound.

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