North American stock markets open higher, oil tops US$40 a barrel

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Canada's main stock index was up in early trading, helped by gains in the energy and materials sectors as the price of oil topped US$40 a barrel.

In New York, the Dow Jones industrial average was up 296.93 points at 26,377.03. The S&P 500 index was up 32.37 points at 3,147.71, while the Nasdaq composite was up 85.97 points at 10,029.02.The August crude contract was up US$1.25 at US$40.30 per barrel and the July natural gas contract was up two cents at US$1.66 per mmBTU.

The August gold contract was up US$13.00 at US$1,744.10 an ounce and the July copper contract was up nearly six cents at US$2.64 a pound.

Source: Digital Coin News (digitalcoinnews.net)

 

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