April 22nd, 2024

S&P/TSX composite lower Wednesday, U.S. stock markets also down

By The Canadian Press on February 28, 2024.

A signboard is displayed at the TMX in Toronto, Wednesday, Nov. 1, 2023. THE CANADIAN PRESS/Chris Young

TORONTO – Canada’s main index moved lower Wednesday, led by weakness in base metals, while U.S. markets also continued to move down from last week’s highs.

The S&P/TSX composite index closed down 75.13 points at 21,243.77.

In New York, the Dow Jones industrial average was down 23.39 points at 38,949.02. The S&P 500 index was down 8.42 points at 5,069.76,while the Nasdaq composite was down 87.56 points at 15,947.74.

The Canadian dollar traded for 73.67 cents UScompared with 73.96 cents US on Tuesday.

The April crude oil contract was down 33 cents at US$78.54 per barrel and the April natural gas contract was up eight cents at US$1.89 per mmBTU.

The April gold contract was down US$1.40 at US$2,042.70 an ounceand the May copper contract was down a penny at US$3.84 a pound.

This report by The Canadian Press was first published Feb. 28, 2024.

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

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