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The TSX Composite Index gained on Tuesday, December 22, as a surge in Healthcare, Information Technology, and Energy sector propelled the stocks higher.
S&P/TSX Composite Index added 1.9 per cent and closed at 20,924.87.
The surge came after the Canadian benchmark index had declined to a three-week low on Monday, December 21. This was due to a rebound in crude oil prices after a sharp decline in the previous session amid fears of spread of Omicron coronavirus variant.
One-year price chart (December 21). Analysis by © 2021 Kalkine Media®
Volume active
Suncor Energy Inc. (TSX:SU) was the most active stock on the Toronto Stock Exchange (TSX) and around 6.2 million shares traded hands on December 21.
This was followed by Canadian Natural Resources Limited (TSX:CNQ), where about 3.5 million shares exchanged hands.
Wall Street update
The US equity markets rebounded on December 21 and S&P 500 jumped 1.8 per cent to 4649.23. Meanwhile, the Nasdaq Composite Index surged 2.4 per cent to 15341.09.
Notably, the Dow Jones Industrial Average increased by 560.54 points and reached 35492.70. In the previous trading session, all three indexes had a sharp fall due to worries over new COVID-19 lockdowns.
Commodity update
Gold was down 0.3 per cent and traded at US$ 1,789.8 a troy ounce. Meanwhile, the crude oil was trading at US$ 71.4 a barrel, and Brent oil jumped 3.7 per cent to US$ 74.16 a barrel.
Currency news
The loonie stood 0.2 per cent higher against the US dollar and it was at 0.7739.
The US Dollar Index declined 0.1 per cent to 96.475.
