Markets update

On the markets at 9:50 a.m. (ET):In Toronto, the S&P/TSX composite index was up 43.14 points to 15,897.91.The Dow Jones industrial average was up 120.83 points to 23,450.29.The Standard & Poor’s 500 index was up 8.59 points to 2,565.74.The Nasdaq composite index was up 3.72 points to 6,567.61.The Canadian dollar was trading at 78.01 cents US, down from Wednesday’s average price of 78.30 cents US.

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