U.S. stocks surge following midterm elections, TSX also gains ground

The Canadian Press</span>
Published Wednesday, November 7, 2018 12:34AM EST
Last Updated Wednesday, November 7, 2018 11:39AM EST

TORONTO -- The technology and consumer staples sectors helped Canada's main stock index to increase in late-morning trading, while U.S. stocks surged higher in the wake of the midterm elections.

The S&P/TSX composite index was up 44.96 points at 15,337.67.

In New York, the Dow Jones industrial average was up 285.93 points at 25,920.94. The S&P 500 index was up 36.18 points at 2,791.63, while the Nasdaq composite was up 134.94 points at 7,510.90

The Canadian dollar traded higher at 76.26 cents US compared with an average of 76.16 cents US on Tuesday.

The December crude contract was down 87 cents at US$61.34 per barrel and the December natural gas contract was down 3.4 cents at US$3.52 per mmBTU.

The December gold contract was up US$3.20 at US$1,229.50 an ounce and the December copper contract was up 0.95 cents at US$2.74 a pound.

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