February 28th, 2024

S&P/TSX composite posts small loss, U.S. markets rise to new heights

By The Canadian Press on February 2, 2024.

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 – Canada’s main stock index posted a small loss Friday led by weakness in energy stocks, while U.S. markets were lifted by tech stocks to another record high.

The S&P/TSX composite index closed down 34.12 points at 21,085.09.

In New York, the Dow Jones industrial average was up 134.58 points at 38,654.42. The S&P 500 index was up 52.42 points at 4,958.61,while the Nasdaq composite was up 267.31 points at 15,628.95.

The Canadian dollar traded for 74.33 cents US compared with 74.60 cents US on Thursday.

The March crude contract was down US$1.54 at US$72.28 per barrel and the March natural gas contract was up three cents at US$2.08 per mmBTU.

The April gold contract was down US$17.40 at US$2,053.70 an ounce and the March copper contract was down three cents at US$3.82 a pound.

This report by The Canadian Press was first published Feb. 2, 2024.

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

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