Stocks rally after break

Canada’s main stock index near break-even after two-day break

Canada’s main stock index hovered near break-even in its first morning of trading since the Christmas and Boxing Day break.

The S&P/TSX composite index was up 5.5 points at 17,185.65 after 90 minutes of trading, although it had been in the red earlier.

In New York, the Dow Jones industrial average was up 60.6 points at 28,681.99. The S&P 500 index was up 3.2 points at 3,243.13, while the Nasdaq composite was up 3.68 points at 9,026.07.

The U.S. exchanges reopened on Thursday while the Toronto Stock Exchange was closed for the Boxing Day holiday.

The Canadian dollar traded at 76.44 cents US, compared with an average of 76.01 cents US on Tuesday.

The February crude contract was at US$61.49 per barrel, down 19 cents from Thursday, and the February natural gas contract was at US$2.211 per mmBTU, down 7.4 cents from Thursday.

The February gold contract was US$1,517.10 an ounce, up $2.70 from Thursday, and the March copper contract was at US$2.82 a pound, down three cents from Thursday.

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