December 11th, 2024

S&P/TSX composite posts gain as oil moves higher, U.S. markets mixed

By The Canadian Press on March 13, 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 – Strength in the energy sector helped lead Canada’s main stock index higher on Wednesday, while U.S. stock markets were mixed.

The S&P/TSX composite index closed up 139.09 points at 21,970.11.

In New York, the Dow Jones industrial average was up 37.83 points at 39,043.32. The S&P 500 index was down 9.96 points at 5,165.31 after setting another all-time high on Tuesday, while the Nasdaq composite was down 87.87 points at 16,177.77.

The Canadian dollar traded for 74.23 cents UScompared with 74.08 cents US on Tuesday.

The April crude oil contract was up US$2.16 cents at US$79.72 per barrel and the April natural gas contract was down six cents at US$1.66 per mmBTU.

The April gold contract was up US$14.70 at US$2,180.80 an ounceand the May copper contract was up 13 cents at US$4.06 a pound.

This report by The Canadian Press was first published March 13, 2024.

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

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