October 14th, 2024

S&P/TSX composite rises Friday, U.S. markets mixed on inflation data, bank earnings

By The Canadian Press on January 12, 2024.

Traders work on the floor at the New York Stock Exchange in New York, Wednesday, Jan. 3, 2024. THE CANADIAN PRESS/AP-Seth Wenig

TORONTO – Canada’s main stock index posted a small gain Friday, while U.S. markets were mixed following a report on wholesale inflation and the start to fourth-quarter earnings season.

The S&P/TSX composite index closed up 71.82 points at 20,990.22.

In New York, the Dow Jones industrial average was down 118.04 points at 37,592.98. The S&P 500 index was up 3.59 points at 4,783.83, while the Nasdaq composite was up 2.58 points at 14,972.76.

The Canadian dollar traded for 74.70 cents US compared with 74.58 cents US on Thursday.

The February crude oil contract was up 66 cents at US$72.68 per barrel and the February natural gas contract was up 22 cents at US$3.31 per mmBTU.

The February gold contract was up US$32.40 at US$2,051.60 an ounce and the March copper contract was down four cents at US$3.74 a pound.

This report by The Canadian Press was first published Jan. 12, 2024.

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

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