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Tech sector helps lift S&P/TSX composite higher, U.S. stock markets also rise


Gains in the technology sector helped Canada’s main stock index gain more than 100 points in late-morning trading, while U.S. stock markets also moved higher.

The S&P/TSX composite index was up 104.36 points at 21,309.52.

In New York, the Dow Jones industrial average was up 378.53 points at 35,407.18. The S&P 500 index was up 58.20 points at 4,590.96, while the Nasdaq composite was up 253.50 points at 14,593.76.

The Canadian dollar traded for 80.22 cents US compared with 80.05 cents US on Wednesday.

The March crude contract was up 66 cents at US$86.46 per barrel and the February natural gas contract was down 22 cents at US$3.81 per mmBTU.

The February gold contract was up US$1.90 at US$1,845.10 an ounce and the March copper contract was up eight cents at US$4.55 a pound.

This report by The Canadian Press was first published Jan. 20, 2022

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/tech-sector-helps-lift-s-p-tsx-composite-higher-u-s-stock-markets-also-rise-1.5747362

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