Stock indexes in Canada’s largest centre raced upward Monday, led by a gain in Health-care and Tech shares.
The TSX Composite jumped 294.67 points to 18621.02.
The Canadian dollar rose 0.75 cents to 74.56 cents U.S.
ON BAYSTREET
The TSX Venture Exchange was up 5.54 points to 586.63.
Eleven of the 12 TSX subgroups were positive, led by a 4.47% gain in Health-care stocks, a 3.10% rise Technology issues and a 2.56% in utility stocks.
On the downside, Energy issues shed 0.01 percent.
ON WALLSTREET
Stocks on Wall Street rose sharply on Monday as key earnings reports eased some of investors’ fears and oversold techs rallied.
The Dow Jones Industrial Average gained 550.99 points, or 1.86%, to close at 30,185.82. The S&P 500 jumped 2.65% to 3,677.95. The tech heavy Nasdaq Composite surged 3.43% for its best day since July, finishing at 10,675.80.
Bank of America on Monday reported better-than-expected results, sending the stock higher in the stock up 6.1%.
Tech stocks got a boost Monday after gaming giant Roblox reported better-than-expected September bookings figures. Roblox soared 20% on that news.
The New York Fed’s Empire State manufacturing index fell for a third straight month, declining 8 points to negative-9.1, compared with expectations for a reading of negative-5.
The December crude oil contract was down 15 cents at US$85.46 per barrel.
The December gold contract was up US$3.12 at US$1,650.40 an ounce.
The yield on the 30-year treasury fell 47 basis points, or 0.47 percentage points.