June 25th, 2024

S&P/TSX composite index down more than 160 points, U.S. markets also fall

By The Canadian Press on April 10, 2024.

A sign board displays the TSX level in the financial district in Toronto on Wednesday, Sept. 29, 2021. THE CANADIAN PRESS/Evan Buhler

TORONTO – Losses in financial and utilities stocks helped drag Canada’s main stock index down more than 160 points, while U.S. stock markets also fell.

The S&P/TSX composite index closed down 162.65 points at 22,199.13.

In New York, the Dow Jones industrial average was down 422.16 points at 38,461.51. The S&P 500 index was down 49.27 points at 5,160.64, while the Nasdaq composite was down 136.28 points at 16,170.36.

The Canadian dollar traded for 73.15 cents US compared with 73.65 cents US on Tuesday.

The May crude oil contract was up 98 cents at US$86.21 per barrel and the May natural gas contract was up two cents at US$1.89 per mmBTU.

The June gold contract was down US$14 at US$2,348.40 an ounce and the May copper contract was down a penny at US$4.28 a pound.

This report by The Canadian Press was first published April 10, 2024.

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

Note to readers: This is a corrected story. A previous version erroneously swapped the number of points the Nasdaq had fallen with the overall index reading.

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