S&P/TSX composite up to regain most of Thursday’s losses, U.S. markets also rise

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TORONTO — A broad-based rally helped Canada’s main stock index close up more than 100 points Friday to largely recover from losses a day earlier, while U.S. stock markets also climbed. The S&P/TSX composite index ended up 120.08 points at 22,320.

TORONTO — A broad-based rally helped Canada’s main stock index close up more than 100 points Friday to largely recover from losses a day earlier, while U.S. stock markets also climbed.

The S&P/TSX composite index ended up 120.08 points at 22,320.87 to claw back much of the 146-point loss Thursday, though it was still down about the same amount from where it was a week earlier.

In New York, the Dow Jones industrial average was up 4.33 points at 39,069.59. The S&P 500 index was up 36.88 points at 5,304.72, while the Nasdaq composite was up 184.76 points at 16,920.79.

Markets rose to head into the U.S. long weekend as consumer outlook on inflation improved, said Kathrin Forrest,…

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