S&P/TSX composite recovers from early losses to close higher Monday

TORONTO — Canada's main stock index recovered from early losses to end higher Monday along with U.S. stock markets.

TORONTO — Canada's main stock index recovered from early losses to end higher Monday along with U.S. stock markets.

The volatility index, which spiked above 20 on Friday following Israel's strikes on Iran, was down below 17, though still elevated compared with the low levels seen in the early months of the year. In New York, the Dow Jones industrial average ended up 253.58 points at 38,239.98. The S&P 500 index was up 43.37 points at 5,010.60, while the Nasdaq composite was up 169.30 points at 15,451.31.

For Canadian companies, gold miners were some of the bigger drags on the day, including Kinross Gold Corp. down 4.8 per cent and Barrick Gold Corp. down 4.3 per cent as the metal started retreating from its all-time highs.

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