Toronto stock index up in first trading since holiday; U.S. indexes down sharply

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TORONTO — Canada’s main stock index was up sharply in the first trading following a two-day holiday, while U.S. markets plunged again after shooting upward on Wednesday.

The S&P/TSX composite index was up 260.01 points at 14,040.20 in the first 30 minutes of trading at the Toronto Stock Exchange following the Christmas and Boxing Day holidays.

In New York, the Dow Jones industrial average was down 295.83 points at 22,582.62. The S&P 500 index was down 31.13 points at 2,2,436.57, while the Nasdaq composite was down 84.56 points at 6,469.80.

On Wednesday, the Dow and S&P 500 were up nearly five per cent while the Nasdaq rose 5.8 per cent.

The Canadian dollar traded at 73.30 cents US, down compared with an average of 73.59 cents US on Monday

The January crude contract was at US$45.42 per barrel, down 80 cents from Wednesday but up from 42.53 on Monday while the January natural gas contract was at US$3.41 per mmBTU, down 4.8 cents from Wednesday but up one cent from Monday.

The February gold contract was at US$1,277.80 an ounce, up $4.80 from Wednesday and up $6 from Monday, while the March copper contract traded at US$2.67 a pound, down three cents from Wednesday and one cent from Monday.

Index and currency in this story: (TSX:GSPTSE, TSX:CADUSD)

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