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Commodities propel S&P/TSX composite to best day in two months, U S markets also up
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It will be quite interesting if it can breach that psychological barrier in the near term, said Kevin Headland, senior investment strategist at Manulife Investment Management.
The Toronto market outpaced its U.S. peers on the day, week and over the past month. The TSX climbed 1.7 per cent over the holiday-shortened week and 3.9 per cent in May with one day of trading remaining.
In New York, the Dow Jones industrial average was up 64.81 points at 34,529.45 to close its month with U.S. markets closed Monday for the Memorial Day holiday. The S&P 500 index was up 3.23 points at 4,204.11, while the Nasdaq composite was up 12.46 points at 13,748.74.