upclose stock market arrows green and red
piren/123RF

The industrials sector lead a broad rally in Canada’s main stock index that saw it join gains of more than 1% in major U.S. markets.

The S&P/TSX composite index closed up 172.75 points or 1.17% at 14,894.50 on Monday as all sectors outside of utilities rose.

In New York, the Dow Jones industrial average closed up 431.72 points at 24,874.64. The S&P 500 index closed up 41.38 points at 2,682.63, while the Nasdaq composite was up 111.36 points at 7,161.65.

The Canadian dollar averaged US76.14¢, down 0.09 of a U.S. cent from Monday.

The December crude contract closed down US86¢ at US$66.18 per barrel and the December natural gas contract ended down a penny at US$3.19 per mmBTU.

The December gold contract ended down US$2.30 at US$1,225.30 an ounce and the December copper contract closed down US8¢ at US$2.66 a pound.