TORONTO –
The S&P/TSX composite continued its rally Friday, rising more than 120 points and closing above 20,000 points for the first time since late August, while U.S. markets also rose.
The S&P/TSX composite index was up 121.15 points at 20,111.51.
In New York, the Dow Jones industrial average was up 32.49 points at 33,747.86. The S&P 500 index was up 36.56 points at 3,992.93,while the Nasdaq composite was up 209.18 points at 11,323.33
The markets could have pulled back after an incredible rally Thursday that saw the Dow rise by more than 1,200 points and the S&P/TSX gain almost 650 points, but some continued good news is buoying indexes instead, said Angelo Kourkafas, investment strategist at Edward Jones.
For example, China eased some of its COVID-19 restrictions Friday.
“That will help the economic recovery and economic reopening, and that’s why commodity prices are acting positively as…
