Canada's main stock index recovered Thursday from the mess left behind Christmas Eve, as its American cousin posted record gains on Wednesday
The S&P/TSX Composite Index restored 294.07 points, or 2.1%, to begin Thursday’s session at 14,074.26
The Canadian dollar was down 0.43 cents at 73.23 U.S.
Markets in Canada closed down 1 p.m. ET, to remain shuttered Christmas Day and Boxing Day.
ON BAYSTREET
The TSX Venture Exchange recovered 5.03 points to 537.94
ON WALLSTREET
Stocks traded sharply lower on Thursday, giving back some of the strong gains from the previous day, amid renewed tensions between China and the United States.
The Dow Jones Industrials plunged 358.47 points, or 1.6%, to 21,519.98, led by losses in Walgreens Boots Alliance and United Technologies.
The S&P 500 descended 45.86 points, or 1.9%, to 2,421.84, as the energy and industrials sectors lagged.
The NASDAQ tumbled 116.75 points, or 1.8%, to 6,437.60
Shares of trade bellwethers like Caterpillar, Boeing and Deere all fell more than 1%.
This decline comes after a historic surge on Wall Street. On Wednesday, the Dow rallied to close more than 1,000 points higher, its biggest single-day point gain ever.
The day’s gain also marked the biggest upside move on a percentage basis for the Dow since March 23, 2009, when it rose 5.8 percentage points. The S&P 500 and NASDAQ also notch their best gains since March 23, 2009.
Prices for the benchmark for the 10-year U.S. Treasury moved higher, lowering yields to 2.75% from Wednesday’s 2.76%. Treasury prices and yields move in opposite directions.
Oil prices sank 66 cents to $45.56 U.S. a barrel.
Gold prices climbed $2.20 to $1,275.20 U.S. an ounce.
