TSX jumps as digital tax repeal lifts markets; tech and bank stocks lead US rally

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The August gold contract rose US$20.10 to US$3,307.70 per ounce, while the Canadian dollar climbed to 73.30 cents US from 73.12 cents US Friday.  

However, crude oil dipped, with the August contract down US$0.41 at US$65.11 per barrel. 

South of the border, US stocks extended their rally to close out a strong second quarter.  

According to Reuters on June 30, the S&P 500 gained 10.57 percent in the quarter, the Nasdaq rose 17.75 percent, and the Dow advanced 4.98 percent. The Russell 2000 small-cap index rose 8.28 percent. 

Monday’s session alone saw the Dow rise 275.50 points to 44,094.77, the S&P 500 gain 31.88 points to 6,204.95, and the Nasdaq climb 96.28 points to 20,369.73. Nine of the 11 S&P indexes closed higher, led by tech and financials.  

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