Home / Insurance Tips / North American markets bounce back as energy and mining stocks recover slightly

North American markets bounce back as energy and mining stocks recover slightly

Traders work on the floor of the New York Stock Exchange.

TORONTO – North American equity markets rose as energy and mining stocks recovered despite a continuing decline in commodity prices.

The S&P/TSX composite index rose 79 suggests close at 13,016.59, contributing to a meagre 15-point gain on Wednesday after Canada’s main index tumbled more than 430 points earlier within the week.

New York indexes also rose, following a three-day losing streak.

The Dow Jones added 82.45 suggests close at 17,574.75, while the S&P 500 climbed 4.61 points to 2,052.23 and the Nasdaq rose 22.30 suggests 5,045.17.

On commodity markets, the January contract for benchmark oil lost 40 cents to US$36.76 a barrel, January gas gave back almost five cents to settle at US$2.015 per mmBtu and February gold fell $4.50 to US$1,072.00 an oz.

Falling oil helped pull the loonie down 0.36 of a cent to 73.36 cents U.S. The Canadian dollar has lost greater than a cent and a half in value from the greenback since Dec. 3.

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