S&P/TSX composite up nearly 300 points in late-morning trading, U.S. markets also up


TORONTO — Canada’s main stock index was up nearly 300 points in late-morning trading in a broad-based rally after falling Wednesday on worries about the impact of the latest COVID-19 variant, while U.S. stock markets also charged higher

The S&P/TSX composite index was up 286.91 points at 20,751.51.

In New York, the Dow Jones industrial average was up 566.21 points at 34,588.25. The S&P 500 index was up 54.03 points at 4,567.07, while the Nasdaq composite was up 80.16 points at 15,334.21.

The Canadian dollar traded for 78.06 cents US compared with 78.27 cents US on Wednesday.

The January crude oil contract was up 99 cents at US$66.56 per barrel and the January natural gas contract was down a penny at US$4.24 per mmBTU.

The February gold contract was down US$18.30 at US$1,766.00 an ounce and the March copper contract was up five cents at US$4.29 a pound.

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