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North American stock markets rise again to start month amid COVID hopes

North American stock markets rise again to start month amid COVID hopes

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This article was originally published by Canadian Investor

TORONTO — North American stock markets posted a second day of gains to start September as optimism about COVID-19 trumped disappointing U.S. private payroll numbers.

The S&P/TSX composite index was up 52.98 points at 16,697.97.

In New York, the Dow Jones industrial average was up 454.84 points at 29,100.50. The S&P 500 index was up 54.19 points at 3,580.84, while the Nasdaq composite was up 116.78 points at 12,056.44.

The Canadian dollar traded for 76.53 cents US compared with 76.60 cents US on Tuesday.

The October crude contract was down US$1.25 at US$41.51 per barrel and the October natural gas contract was down 4.1 cents at nearly US$2.49 per mmBTU.

The December gold contract was down US$34.20 at US$1,944.70 an ounce and the December copper contract was down 0.8 of a cent at US$3.02 a pound.

This report by The Canadian Press was first published Sept. 2, 2020.

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

 

The Canadian Press




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