North American stock markets close higher, oil slides again on COVID fears


TORONTO — North American stock markets rebounded Friday, though the price of oil continued its slide driven by concerns over the COVID-19 Delta variant.

The S&P/TSX composite index was up 123.66 points at 20,339.02.

In New York, the Dow Jones industrial average was up 225.96 points at 35,120.08. The S&P 500 index was up 35.87 points at 4,441.67, while the Nasdaq composite was up 172.87 points at 14,714.66.

The Canadian dollar traded for 77.78 cents US compared with 78.17 cents US on Thursday.

The October crude oil contract was down $1.36 cents at US$62.14 per barrel and the September natural gas contract was up two cents at US$3.85 per mmBTU.

The December gold contract was up 90 cents at US$1,784.00 an ounce and the September copper contract was up almost 10 cents at US$4.14 a pound.

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