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North American stock markets continue broad-based rally; commodities weaker
Global News

North American stock markets continue broad-based rally; commodities weaker

North American markets enjoyed a broad-based rally Friday, bolstered by two encouraging U.S. inflation reports earlier in the week and a lack of any other major economic news on the day to offset them. With a near-total absence of market-moving events on what was a quiet day heading into a summer weekend, the S&P/TSX composite index still gained 187.93 points to close at 20,179.81.In New York, the Dow Jones industrial average closed up 424.38 points at 33,761.05. The S&P 500 index closed up 72.88 points at 4,280.15, while the Nasdaq composite gained 267.28 points to close at 13,047.19. Read more: Variable? Fixed? Static? Picking the right mortgage as interest rates rise “There has hardly been any news today, so this seems to be primarily momentum tra...