July 24th, 2024

S&P/TSX composite up, U.S. stock markets mixed after Fed holds rates

By The Canadian Press on June 12, 2024.

TORONTO – Canada’s main stock index pared some of its earlier gains at the close of the trading day, while U.S. stock markets were mixed after the Federal Reserve decided to hold steady on rates.

The S&P/TSX composite index was up 74.21 points at 21,961.55.

In New York, the Dow Jones industrial average was down 35.21 points at 38,712.21. The S&P 500 index was up 45.71 points at 5,421.03, while the Nasdaq composite was up 264.89 points at 17,608.44.

The Canadian dollar traded for 72.99 cents US compared with 72.64 cents US on Tuesday.

The July crude oil contract was up six cents at US$78.50 per barrel and the July natural gas contract was down eight cents at US$3.05 per mmBTU.

The August gold contract was up US$28.20 at US$2,354.80 an ounce and the July copper contract was up five cents at US$4.56 a pound.

This report by The Canadian Press was first published June 12, 2024.

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

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