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S&P/TSX composite higher in late-morning trading, U.S. stock markets mixed

Strength in the energy, technology and telecommunications stocks helped lift Canada’s main stock index higher in late-morning trading, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 73.39 points at 20,991.79.

In New York, the Dow Jones industrial average was down 187.29 points at 37,523.73. The S&P 500 index was down 0.84 points at 4,779.40, while the Nasdaq composite was up 12.31 points at 14,982.50.

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The Canadian dollar traded for 74.70 cents US compared with 74.58 cents US on Thursday.

The February crude oil contract was up US$1.35 at US$73.37 per barrel and the February natural gas contract was up 17 cents at US$3.27 per mmBTU.

The February gold contract was up US$37.60 at US$2,056.80 an ounce and the March copper contract was down a penny at US$3.77 a pound.

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This report by The Canadian Press was first published Jan. 12, 2024.

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&© 2024 The Canadian Press

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