The Dow shot up more than 1,000 in early trading Monday following initial data from Pfizer suggesting a coronavirus vaccine is effective coupled with an end on the weekend to the uncertainty in the U.S. presidential election with the declaration of Democrat Joe Biden as president-elect.
The S&P/TSX composite index was up 343.49 points to 16,626.32.
The Dow Jones industrial average was up 1,335.36 points to 29,658.76. The S&P 500 index was down 1.01 points to 3,509.44, while the Nasdaq composite index was up 64.56 points to 11,959.76.
The Canadian dollar was trading at 77.24 cents US compared to an average of 76.69 cents US on Friday.
The December crude contract was up US$3.74 at US$40.88 per barrel and the December natural gas contract was down a penny at US$2.88 per mmBTU.
The December gold contract was down US$75.10 at US$1,876.60 an ounce and the December copper contract was up five cents at US$3.20 a pound.
This report by The Canadian Press was first published Nov. 9, 2020.
