TSX, New York stock markets gain as Comey testifies

The Canadian Press</span>
Published Thursday, June 8, 2017 12:12AM EDT
Last Updated Thursday, June 8, 2017 11:23AM EDT

TORONTO -- Stock markets in Toronto and New York ended the trading day moderately higher as political and economic news dominated the headlines.

The S&P/TSX composite index climbed 50.95 points to 15,423.09, helped by gains in the metals and financials sectors.

On Wall Street, the Dow Jones industrial average jumped 8.84 points to 21,182.53 while the S&P 500 index advanced 0.65 of a point to 2,433.79. The tech-heavy Nasdaq composite index climbed 24.38 points to 6,321.76, a new record high.

The gains came amid testimony by former FBI director James Comey about Russia's possible meddling in the U.S. election, a monetary policy meeting of the European Central Bank and the U.K. election.

Commodities were mixed as the July crude oil contract lost eight cents at US$45.64 per barrel and the July natural gas contract ahead a penny at US$3.03 per mmBTU.

The August gold contract was down US$13.70 to US$1,279.50 an ounce and the July copper contract gained six cents at US$2.61 a pound.

The Canadian dollar lost 0.06 of a U.S. cent to an average trading price of 74.06 cents US.

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