Markets got a buzz from higher prices for energy and rallied pretty much across the board Tuesday.
The S&P/TSX composite index moved forward 87.3 points to close the session at 13,710.31
The Canadian dollar grew 0.26 cents at 76.62 cents U.S.
Among energy stocks, Parex Resources proved the runaway winner in terms of gains, picking up nearly 13% on the day to $11.32.
Imperial Oil strengthened 2.6% to $44.85.
Metals stocks also had a good day of it, with Potash Corp. of Saskatchewan triumphing 3.9% to $28.63, and Teck Resources rising 7% to $8.09.
Among consumer staples, Alimentation Couche-Tard hiked 3.8% to $58.39.
ON BAYSTREET
The TSX Venture Exchange moved up 1.69 points to 541.28.
All but three of the 13 TSX subgroups were higher on the day, with energy stronger by 3.4%, metals and mining looking up 2.4%, and consumer staples gaining 1.5%.
The three laggards were gold, off 0.8%, health-care settling 0.6%, and real-estate, down 0.2%
ON WALLSTREET
U.S. stocks closed higher Tuesday, off session highs, supported by gains in energy and tech stocks.
The Dow Jones industrial average climbed 89.39 points to 17,918.15. Chevron and Visa contributed the most to gains. The index remained in the green for 2015 after closing there Monday for the first time since July 22.
The S&P 500 finished higher by 5.79 points to 2,109.84.
Energy traded about 2.5% higher after earlier rising more than 3% in a second straight day of gains to lead S&P advancers. The Materials sector was also among the gainers, trading about two-thirds of a percent higher. Consumer staples proved the greatest decliner.
Energy is the worst-performing sector in the S&P 500 year-to-date, down more than 9.5%.
The NASDAQ index enjoyed a spike of 17.98 points to 5,145.13, as biotech stocks reversed losses and Apple extended gains to trade more than 1.5% higher.
Switzerland's biggest bank UBS posted third quarter net profit ahead of expectations but said it was under investigation from authorities concerning accounts relating to FIFA. Shares of the bank fell more than 5.5% in midday U.S. trade.
StanChart announced plans on Tuesday to raise $5.1 billion U.S. in new capital via a rights offer and scrapped its dividend as CEO Bill Winters takes drastic action after swinging to an unexpected loss in the third quarter. The stock declined more than 6.5% in London trade.
New orders for U.S. factory goods fell 1% in September, a second-straight month of decline, as the manufacturing sector continues to struggle under the weight of a strong dollar and deep spending cuts by energy companies.
Auto sales for October came in at an 18.2 million rate, up from 16.6 million a year ago, Autodata said.
Prices for 10-year U.S. Treasuries dropped, lifting yields to 2.22% from Monday’s 2.18%. Treasury prices and yields move in opposite directions.
Oil prices surged $1.72 a barrel to $47.86 U.S.
Gold prices skidded $15.91 to $1,117.93 U.S. an ounce.
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