Downtown office buildings Toronto

North American stock markets rebounded midweek from Tuesday’s losses on positive geopolitical events in Hong Kong and London and some growth signs in China’s services sector.

The S&P/TSX composite index closed up 49.61 points to 16,448.84.

In New York, the Dow Jones industrial average was up 237.45 points at 26,355.47. The S&P 500 index was up 31.51 points at 2,937.78, while the Nasdaq composite was up 102.72 points at 7,976.88.

The Canadian dollar traded for an average of US75.40¢ compared with an average of US74.95¢ on Tuesday.

The October crude contract was up US$2.32 at US$56.26 per barrel and the October natural gas contract was up US8.7¢ at US$2.45 per mmBTU.

The December gold contract was up US$4.50 at US$1,560.40 an ounce and the December copper contract was up US6.7¢ at US$2.60 a pound.