May 27th, 2024

S&P/TSX composite posts small gain Tuesday, U.S. stock markets flat

By The Canadian Press on May 7, 2024.

Bank towers are pictured in the financial district in Toronto, Friday, Sept. 8, 2023. THE CANADIAN PRESS/Andrew Lahodynskyj

TORONTO – Strength in energy and base metals helped Canada’s main stock index post a small gain, while U.S. markets were mixed but relatively flat.

The S&P/TSX composite index closed up 31.15 points at 22,290.62.

In New York, the Dow Jones industrial average was up 31.99 points at 38,884.26. The S&P 500 index was up 6.96 points at 5,187.70, while the Nasdaq composite was down 16.69 points at 16,332.56.

The Canadian dollar traded for 72.97 cents US compared with 73.20 cents US on Monday.

The June crude oil contract was down 10 cents at US$78.38 per barrel and the June natural gas contract was up a penny at US$2.21 per 1,000 cubic feet.

The June gold contract was down US$7.00 at US$2,324.20 an ounce and the July copper contract was down a penny at US$4.61 a pound.

This report by The Canadian Press was first published May 7, 2024.

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

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