November 28th, 2024

S&P/TSX composite index moves lower Friday, U.S. markets also down amid global outage

By The Canadian Press on July 19, 2024.

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

TORONTO – Canada’s main stock index moved lower on Friday, as companies and organizations around the world grappled with outages stemming from a faulty CrowdStrike software update, while U.S. stock markets also fell.

The S&P/TSX composite index closed down 36.37 points at 22,690.39.

In New York, the Dow Jones industrial average was down 377.49 points at 40,287.53.The S&P 500 index was down 39.59 points at 5,505.00, while the Nasdaq composite was down 144.28 points at 17,726.94.

The Canadian dollar traded for 72.85 cents US compared with 73.01 cents US on Thursday.

The September crude oil contract was down US$2.66 at US$78.64 per barrel and the August natural gas contract was unchanged at US$2.13 per mmBTU.

The August gold contract was down US$57.30 at US$2,399.10 an ounce and the September copper contract was down four cents at US$4.24 a pound.

This report by The Canadian Press was first published July 19, 2024.

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

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