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North American stock markets get lift from improved Trump health and stimulus hope

TORONTO — Improvement in the health of U.S. President Donald Trump and the growing hope of a fiscal stimulus deal gave North American stock markets a lift to start the week.

The S&P/TSX composite index closed up 210.94 points to 16,410.19.

In New York, the Dow Jones industrial average was up 465.83 points at 28,148.64. The S&P 500 index was up 60.18 points at 3,408.62, while the Nasdaq composite was up 257.47 points at 11,332.49.

The Canadian dollar traded for 75.36 cents US compared with 75.13 cents US on Friday.

The November crude contract was up US$2.17 at US$39.22 per barrel and the November natural gas contract was up 17.7 cents at US$2.61 per mmBTU.

The December gold contract was up US$12.50 at US$1,920.10 an ounce and the December copper contract was down 1.45 cents at US$2.96 a pound.

This report by The Canadian Press was first published Oct. 5, 2020

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/north-american-stock-markets-get-lift-from-improved-trump-health-and-stimulus-hope-1.5132784

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