S&P/TSX composite closes up nearly 3%, U.S. stock markets also up

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TORONTO — Strength in the technology sector helped lead a broad-based rally of Canada's main stock index to gains of close to three per cent Thursday, while ...

TORONTO — Strength in the technology sector helped lead a broad-based rally of Canada's main stock index to gains of close to three per cent Thursday, while U.S. stock markets also rose.In New York, the Dow Jones industrial average ended up 564.50 points, or 1.7 per cent, at 33,839.08. The S&P 500 index was up 79.92 points, or 1.9 per cent, at 4,317.78, while the Nasdaq composite was up 232.72 points, or 1.8 per cent, at 13,294.19.The December crude oil contract ended up $2.02 at US$82.

The December gold contract was up US$6 at US$1,993.50 an ounce and the December copper contract was up two cents at US$3.67 a pound. -- The share of American young adults who said they could cover a $400 emergency expense with cash or equivalent dropped for the third quarter in a row, according to a survey out Thursday.

Russia adds fresh capital controls to prop up ruble, but Kremlin is 'applying a Band-Aid to gangrene' Western companies exiting Russia must sell assets in rubles or else face delays and perhaps losses to transfer dollars or euros abroad.Growth can be achieved from profit growth and valuation expansion. Both drivers can drive long-term growth in Brookfield Infrastructure stock! The post Here’s My #1 Canadian Growth Stock Pick to Buy for November 2023 appeared first on The Motley Fool Canada.

 

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