December 14th, 2024

S&P/TSX composite moves lower Thursday despite energy gains, U.S. stock markets down

By The Canadian Press on August 17, 2023.

The S&P TSX composite index screen at the TMX Market Centre in downtown Toronto is photographed on Friday, Nov. 11, 2022. THE CANADIAN PRESS/Tijana Martin

TORONTO – Strength in energy stocks Thursday wasn’t enough to keep Canada’s main stock index from posting a loss amid weakness in tech and other sectors, while U.S. markets also declined.

The S&P/TSX composite index was down 86.84 points at 19,812.23.

In New York, the Dow Jones industrial average was down 290.91 points at 34,474.83. The S&P 500 index was down 33.97 points at 4,370.36, while the Nasdaq composite was down 157.70 points at 13,316.93.

The Canadian dollar traded for 73.94 cents UScompared with 73.98 cents US on Wednesday.

The October crude contract was up 88 cents US at US$79.90 per barrel and the September natural gas contract was up three cents at US$2.62 per mmBTU.

The December gold contract was down US$13.10 at US$1,915.20 an ounceand the September copper contract was up three cents at US$3.69 a pound.

This report by The Canadian Press was first published Aug. 17, 2023.

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

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