May 30th, 2024

S&P/TSX composite posts small loss as U.S. stock markets turn negative mid-afternoon

By The Canadian Press on April 4, 2024.

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

TORONTO – Canada’s main stock index moved mildly lower as U.S. stock markets backslid in the afternoon, with all three major indexes losing more than one per cent after being in the green for most of the day.

The S&P/TSX composite index closed down 60.67 points at 22,051.79.

In New York, the Dow Jones industrial average was down 530.16 points at 38,596.98.The S&P 500 index was down 64.28 points at 5,147.21, while the Nasdaq composite was down 228.38 points at 16,049.08.

The Canadian dollar traded for 74.05 cents UScompared with 73.87 cents US on Wednesday.

The May crude oil contract was up US$1.16 at US$86.59 per barreland the May natural gas contract was down seven cents at US$1.77 per mmBTU.

The June gold contract was down US$6.50 at US$2,308.50 an ounce and the May copper contract was up six cents at US$4.25 a pound.

This report by The Canadian Press was first published April 4, 2024.

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

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