Toronto stock market closes higher
TORONTO — The Toronto Stock Exchange rose for a second day, pushed higher by strength in the energy sector and a rising price for oil. The S&P/TSX composite index rose 224.44 points to close at 14,301.80. In the U.S., the Dow Jones industrial average climbed 121.12 points to close at 17,751.39, while the Nasdaq gained 22.52 points to 5,111.73 and the S&P 500 gained 15.32 points at 2,108.57. Craig Fehr, Canadian market strategist at Edward Jones in St. Louis, said global stock markets are back to normal after a period of instability fed by volatility in the Chinese stock market. The Chinese government has stepped in with measures aimed at propping up its equity markets as the Shanghai composite index has slid, most recently losing more than eight per cent of its value in Monday trading. China’s securities regulator said it would do even more to support the market after Monday’s fall, and Fehr said the volatility doesn’t necessarily indicate that China’s economy is faltering.