North American stock markets open higher
Posted Aug 11, 2011 09:52:20 AM.
This article is more than 5 years old.
TORONTO, Ont. – North American stock markets made headway as investors picked up stocks that were slashed in price during a series of plunges.
The S&P/TSX composite index gained 68.44 points to 12,26732, on top of two days of solid gains.
New York’s Dow Jones industrial average jumped 153.64 points to 10,873.58. The blue chip index had plunged about 1,100 points over the last three days.
The Nasdaq composite index gained 51.53 points to 2,432.58 while the S&P 500 index rose 18.07 points to 1,138.83.
The Canadian dollar was up 0.12 of a cent to 100.64 cents (U.S.).
The European debt crisis and the health of the financial sector on the continent were in focus.
Reuters reported that banks in Asia were reviewing credit to French lenders because of growing worries about the ability of some countries in the Eurozone to pay their debts.
Oil prices were down 53 cents to $82.36 (U.S.). Gold prices faded from yesterday’s latest record close, down $5.60 to $1,778.70 an ounce on the Nymex.
