TORONTO — Canada’s main stock index gained more than 300 points Monday in a broad-based rally, while U.S. markets also rose. This week is set to be much quieter than last week, which included the U.S.
TORONTO — Canada’s main stock index gained more than 300 points Monday in a broad-based rally, while U.S. markets also rose.
This week is set to be much quieter than last week, which included the U.S. Federal Reserve’s interest rate decision and a weaker-than-expected U.S. jobs report.
The S&P/TSX composite index closed up 312.06 points at 22,259.47.
In New York, the Dow Jones industrial average was up 176.59 points at 38,852.27. The S&P 500 index was up 52.95 points at 5,180.74, while the Nasdaq composite was up 192.92 points at 16,349.25.
The Fed held its key rate steady last week but indicated it planned to ease off somewhat on other quantitative tightening measures.
That was more dovish than the market expected,…
