November 29th, 2024

S&P/TSX composite edges lower in late-morning trading, U.S. stocks mixed

By The Canadian Press on February 7, 2023.

A Canadian flag flies in the Bay Street financial district in Toronto on Friday, August 5, 2022. THE CANADIAN PRESS/Nathan Denette

TORONTO – Canada’s main stock index edged lower in late-morning trading as losses in the technology and utility sectors helped to more than offset gains in energy stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was down 4.23 points at 20,624.69.

In New York, the Dow Jones industrial average was down 120.45 points at 33,770.57. The S&P 500 index was down 3.96 points at 4,107.12, while the Nasdaq composite was up 25.74 points at 11,913.19.

The Canadian dollar traded for 74.41 cents US compared with 74.39 cents US on Monday.

The March crude contract was up US$2.10 at US$76.21 per barrel and the March natural gas contract was up six cents at US$2.52 per mmBTU.

The April gold contract was up US$9.80 at US$1,889.30 an ounce and the March copper contract was down less than a penny at US$4.03 a pound.

This report by The Canadian Press was first published Feb. 7, 2023.

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

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