S&P/TSX composite down as telecoms and utilities fall, U.S. stock markets mixed
TORONTO — Canada’s main stock index was down in late-morning trading amid losses in the telecommunication and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was down 54.89 points at 22,291.87.
In New York, the Dow Jones industrial average was down 293.35 points at 39,377.69. The S&P 500 index was up 7.25 points at 5,314.26, while the Nasdaq composite was up 108.91 points at 16,910.45.
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The Canadian dollar traded for 73.03 cents US compared with 73.13 cents US on Wednesday.
The July crude contract was down four cents at US$77.53 per barrel and the July natural gas contract was down two cents at US$3.03 per mmBTU.
The June gold contract was down US$45.20 at US$2,347.70 an ounce and the July copper contract was down four cents at US$4.81 a pound.
This report by The Canadian Press was first published May 23, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
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The Canadian Press