November 26th, 2024

S&P/TSX composite down on oil pessimism, U.S. markets fall further

By The Canadian Press on November 28, 2022.

A currency trader passes by screens showing the Korea Composite Stock Price Index (KOSPI), center, and the exchange rate of South Korean won against the U.S. dollar, right, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Nov. 28, 2022. THE CANADIAN PRESS/AP-Ahn Young-joon

TORONTO – Canada’s main stock index was down by more than 150 points or 0.8 per cent Monday, weighed down by losses in energy, financials, utilities and metals, while U.S. indexes tumbled by more than 1.5 per cent.

The S&P/TSX composite index was down 163.28 points at 20,220.49.

In New York, the Dow Jones industrial average was down 497.57 points, or 1.45 per cent, at 33,849.46. The S&P 500 index was down 62.18 points, or 1.54 per cent, at 3,963.94,while the Nasdaq composite was down 176.86 points, or 1.58 per cent, at 11,049.50.

The Canadian dollar traded for 74.33 cents US comparedwith 74.76 cents US on Friday.

The January crude contract was up 96 cents at US$77.24 per barrel and the January natural gas contract was down 13 cents at US$7.20 per mmBTU.

The December gold contract was down US$13.70 at US$1,740.30 an ounce and the March copper contract was down one and a half cents at US$3.62 a pound.

This report by The Canadian Press was first published Nov. 28, 2022.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

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