May 24th, 2024

S&P/TSX composite up in late-morning trading, U.S. stock markets fall

By The Canadian Press on April 17, 2024.

A Canadian flag flies in the Bay Street financial district in Toronto on Friday, August 5, 2022. THE CANADIAN PRESS/Nathan Denette

TORONTO – Canada’s main stock index was up in late-morning trading, helped by strength in base metal and technology stocks, while U.S. stock markets moved lower.

The S&P/TSX composite index was up 49.60 points at 21,692.47.

In New York, the Dow Jones industrial average was down 67.44 points at 37,731.53. The S&P 500 index was down 9.41 points at 5,042.00, while the Nasdaq composite was down 53.81 points at 15,811.44.

The Canadian dollar traded for 72.48 cents US compared with 72.35 cents US on Tuesday.

The June crude oil contract was down 78 cents at US$84.05 per barrel and the May natural gas contract was down six cents at US$1.67 per mmBTU.

The June gold contract was down 70 cents at US$2,407.10 an ounce and the May copper contract was up six cents at US$4.37 a pound.

This report by The Canadian Press was first published April 17, 2024.

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

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