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North American stock markets trade up on the first day of trading in 2020

TORONTO — The financial and industrials sectors helped lift Canada’s main stock index in late-morning trading, while U.S. stock markets also moved higher on the first day of trading of the year.

The S&P/TSX composite index was up 13.16 points at 17,076.59.

In New York, the Dow Jones industrial average was up 168.19 points at 28,706.63. The S&P 500 index was up 11.17 points at 3,241.95, while the Nasdaq composite was up 60.31 points at 9,032.91.

The Canadian dollar traded for 77.03 cents US compared with an average of 76.99 cents US on Tuesday.

The February crude contract was up 10 cents at US$61.16 per barrel and the February natural gas contract was down 6.1 cents at US$2.13 per mmBTU.

The February gold contract was up US$8.10 at US$1,531.20 an ounce and the March copper contract was up one cent at 2.81 a pound.

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

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

 

The Canadian Press