April 24th, 2024

S&P/TSX composite down 140 points, U.S. markets tick lower after economic reports

By The Canadian Press on March 14, 2024.

A Toronto Stock Exchange ticker is seen at The Exchange Tower in Toronto on Thursday, August 18, 2011. THE CANADIAN PRESS/Aaron Vincent Elkaim

TORONTO – Telecom, financial and utilities stocks led Canada’s main stock index down on Thursday even as the price of oil rose, while U.S. markets eased lower as well after several economic reports.

The S&P/TSX composite index closed down 140.26 points at 21,829.85.

In New York, the Dow Jones industrial average was down 137.66 points at 38,905.66. The S&P 500 index was down 14.83 points at 5,150.48, while the Nasdaq composite was down 49.24 points at 16,128.53.

The Canadian dollar traded for 74.01 cents UScompared with 74.23 cents US on Wednesday.

The April crude oil contract was up US$1.54 at US$81.26 per barrel and the April natural gas contract was up eight cents at US$1.74 per mmBTU.

The April gold contract was down US$13.30 at US$2,167.50 an ounce and the May copper contract was down one cent at US$4.05 a pound.

This report by The Canadian Press was first published March 14, 2024.

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

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