Stock markets charged ahead yesterday as better-than-expected data on the GDP persuaded some investors that the global economy is improving, even as General Motors Corp. filed for bankruptcy protection.
Toronto’s S&P/TSX composite index ran up 233.99 points to 10,604.06, continuing the spring rally that is almost three months old, led by higher energy stocks.
Gains were broadbased with declines registered only by the consumer staples and gold sectors.
The TSX Venture Exchange climbed 16.47 points to 1,140.55.
New York’s Dow Jones industrial average jumped 221.11 points to 8,721.44 as GM’s filing was widely expected.
The Nasdaq composite index gained 54.35 points to 1,828.68, while the S&P 500 index added 23.73 points to 942.87.
