July 16th, 2024

S&P/TSX composite down Tuesday as price of oil falls, U.S. stock markets rise

By The Canadian Press on December 12, 2023.

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

TORONTO – Canada’s main stock index moved lower on Tuesday, weighed down by losses in energy, utilities and battery metals, while U.S. markets rose after the latest inflation report ahead of Wednesday’s interest rate announcement.

The S&P/TSX composite index closed down 84.52 points at 20,233.84.

In New York, the Dow Jones industrial average was up 173.01 points at 36,577.94. The S&P 500 index was up 21.26 points at 4,643.70,while the Nasdaq composite was up 100.91 points at 14,533.40.

The Canadian dollar traded for 73.53 cents US compared with 73.69 cents US on Monday.

The January crude oil contract was down US$2.71 at US$68.61 per barreland the January natural gas contract was down 12 cents at US$2.31 per mmBTU.

The February gold contract was down 50 cents at US$1,993.20 an ounceand the March copper contract was up a penny at US$3.79 a pound.

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

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

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