Strength in base metal stocks helped Canada's main stock index gain more than 100 points Tuesday, while U.S. markets were mixed.

The S&P/TSX Composite Index closed up 110.29 points, or 0.53 per cent, at 21,034.59.

In New York, the Dow Jones Industrial Average was down 96.36 points at 37,905.45. The S&P 500 Index was up 14.17 points at 4,864.60, while the Nasdaq Composite was up 65.66 points at 15,425.94.

The Canadian dollar traded for 74.19 cents U.S. compared with 74.33 cents U.S. on Monday.

The March crude oil contract was down 39 cents at US$74.37 per barrel and the March natural gas contract was up four cents at US$2.17 per mm/BTU.

The February gold contract was up US$3.60 at US$2,025.80 an ounce and the March copper contract was up three cents at US$3.79 a pound.

This report by The Canadian Press was first published Jan. 23, 2024.