October 10th, 2024

S&P/TSX composite closes down more than 300 points, U.S. stock markets mixed

By The Canadian Press on October 2, 2023.

TD Bank and Bank of Montreal signage is pictured in the financial district in Toronto, Friday, Sept. 8, 2023. THE CANADIAN PRESS/Andrew Lahodynskyj

TORONTO – Canada’s main stock index closed down more than 300 points Monday as utility and energy stocks led widespread losses, while U.S. markets were mixed.

The S&P/TSX composite index ended down 364.09 points at 19,177.18.

In New York, the Dow Jones industrial average was down 74.15 points at 33,433.35. The S&P 500 index was up 0.34 points at 4,288.39, while the Nasdaq composite was up 88.45 points at 13,307.77.

The Canadian dollar traded for 73.66 cents US, according to XE.com, compared with 73.96 cents US on Friday.

The November crude oil contract was down US$1.97 at US$88.82 per barrel and the November natural gas contract was down nine cents at US$2.84 per mmBTU.

The December gold contract was down US$18.90 at US$1,847.20 an ounce and the December copper contract was down 10 cents at US$3.64 a pound.

This report by The Canadian Press was first published Oct. 2, 2023.

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

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