North American stock markets recover to end week slightly off record highs

·1 min read

TORONTO — A broad-based rally led by energy and financials helped North American stock markets to recover from big losses early in the week over concerns about rising inflation.

The S&P/TSX composite index closed up 230.88 points to 19,366.69.

In New York, the Dow Jones industrial average was up 360.68 points at 34,382.13. The S&P 500 index was up 61.35 points at 4,173.85, while the Nasdaq composite was up 304.99 points at 13,429.98.

The Canadian dollar traded for 82.58 cents US compared with 82.30 cents US on Thursday.

The June crude oil contract was up US$1.55 at US$65.37 per barrel and the June natural gas contract was down 1.2 cents at US$2.96 per mmBTU.

The June gold contract was up US$14.10 at US$1,838.10 an ounce and the July copper contract was down 3.6 cents at US$4.65 a pound.

This report by The Canadian Press was first published May 14, 2021.

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

The Canadian Press