December 11th, 2024

Energy stocks boost S&P/TSX composite as price of oil moves higher, U.S. markets down

By The Canadian Press on September 12, 2023.

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

TORONTO – Strength in energy stocks as the price of oil moved higher helped Canada’s main stock index post a small gain Tuesday, while U.S. stock markets moved lower, led by the Nasdaq which lost more than one per cent.

The S&P/TSX composite index closed up 40.32 points at 20,223.08.

In New York, the Dow Jones industrial average was down 17.73 points at 34,645.99. The S&P 500 index was down 25.56 points at 4,461.90, while the Nasdaq composite was down 144.28 points at 13,773.61.

The Canadian dollar traded for 73.75 cents UScompared with 73.63 cents US on Monday.

The October crude contract was up US$1.55 at US$88.84 per barrel and the October natural gas contract was up 14 cents at US$2.74 per mmBTU.

The December gold contract was down US$12.10 at US$1,935.10 an ounceand the December copper contract was down two cents at US$3.79 a pound.

This report by The Canadian Press was first published Sept. 12, 2023.

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

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