February 28th, 2024

S&P/TSX composite down almost 50 points, U.S. stock markets post gains

By The Canadian Press on February 8, 2024.

A street sign along Bay Street in Toronto's financial district is shown on Tuesday, January 12, 2021. THE CANADIAN PRESS/Nathan Denette

TORONTO – Canada’s main stock index posted a small loss Thursday as weakness in telecom and utilities stocks weighed on the market, while U.S. markets made gains.

The S&P/TSX composite index was down 49.54 points at 20,919.64.

In New York, the Dow Jones industrial average was up 48.97 points at 38,726.33. The S&P 500 index was up 2.85 points at 4,997.91, while the Nasdaq composite was up 37.07 points at 15,793.71.

The Canadian dollar traded for 74.26 cents UScompared with 74.24 cents US on Wednesday.

The March crude contract was up US$2.36 at US$76.22 per barrel and the March natural gas contract was down five cents at US$1.92 per mmBTU.

The April gold contract was down US$3.80 at US$2,047.90 an ounce and the March copper contract was down three cents at US$3.70 a pound.

This report by The Canadian Press was first published Feb. 8, 2024.

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

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