July 18th, 2024

S&P/TSX composite down Friday, U.S. markets reach new records

By The Canadian Press on July 5, 2024.

A signboard is displayed at the TMX in Toronto, Wednesday, Nov. 1, 2023. THE CANADIAN PRESS/Chris Young

TORONTO – Losses in the energy sector led Canada’s main stock index lower on Friday, while U.S. stock markets rose to new records.

The S&P/TSX composite index closed down 184.99 points at 22,059.03.

In New York, where markets were closed on Thursday for the July 4 holiday, the Dow Jones industrial average was up 67.87 points at 39,375.87. The S&P 500 index was up 30.17 points at 5,567.19, while the Nasdaq composite was up 164.46 points at 18,352.76.

The Canadian dollar traded for 73.35 cents UScompared with 73.46 cents US on Thursday.

The August crude oil contract was down 72 cents at US$83.16 per barrel from its settlement price Wednesday and the August natural gas contract was down 10 cents at US$2.32 per mmBTU.

The August gold contract was up US$28.30 at US$2,397.70 an ounceand the September copper contract was up 12 cents at US$4.65 a pound.

This report by The Canadian Press was first published July 5, 2024.

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

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