S&P/TSX composite down as energy and base metal stocks fall, U.S. stock markets mixed
TORONTO — Canada’s main stock index was down nearly 100 points in late-morning trading, weighed down by losses in the base metal and energy stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was down 84.18 points at 22,383.98.
In New York, the Dow Jones industrial average was down 44.02 points at 39,828.97. The S&P 500 index was down 0.98 of a point at 5,320.43, while the Nasdaq composite was up 19.97 points at 16,852.59.
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The Canadian dollar traded for 73.15 cents US compared with 73.27 cents on Tuesday.
The July crude oil contract was down 32 cents at US$78.34 per barrel and the July natural gas contract was up six cents at US$2.90 per mmBTU.
The June gold contract was down US$28.20 at US$2,397.70 an ounce and the July copper contract was down 25 cents at US$4.86 a pound.
This report by The Canadian Press was first published May 22, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
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The Canadian Press