By Ketki Saxena
Investing.com — Canadian and U.S. stocks jumped today, Wednesday March 9, as investors reversed capital back from safe-haven assets, such as gold and USD, into relatively riskier equities.
In Toronto, the S&P/TSX Composite Index was at 21,493.23 points at the close, or 1.23% higher in the day’s trading. Tech and financial stocks helped Canada's benchmark Index rise, despite losses in commodities and the energy sector. Oil dropped more than double digits driven by the UAE’s call for OPEC to increase output, seconded by Iraq.
In New York, the S&P 500 was at 4,278.50 points, or +2.59% higher at 4:00 p.m ET, while the tech heavy Nasdaq 100 was at 13,742.20 points, or +3.58% higher in the day’s trading. The DJI closed the day at 33,286.25 points, or up 2.00% for the day.
Commodities
As of 4:00 p.m ET, WTI futures for April were at $110.25, down $13.45 or 10.87% so far today. Brent Oil futures were at $112.97, down $15.01 or 11.73% so far today. Natural gas was at $4.52, down 0.20% today. In precious metals, gold was at $ 1,995.50, down 2.34% so far today, while silver was down 3.27% at $26.015.
CAD: Currency and Bonds
The USD/CAD pair was down 0.50% today at C$1.2815 to one U.S. dollar.
Yield on Government of Canada's Benchmark 10-year Bonds were at at 1.908%, up 4.66% today.
All currencies USD, unless noted otherwise.