November 27th, 2024

S&P/TSX composite down more than 200 points, U.S. stock markets rebound

By The Canadian Press on August 6, 2024.

The S&P TSX composite index screen at the TMX Market Centre in Toronto is photographed on Friday, Nov. 11, 2022. THE CANADIAN PRESS/ Tijana Martin

TORONTO – Canada’s main stock index was down more than 200 points in early trading, while U.S. stock markets regained some of the ground lost Monday when the Toronto market was closed.

The S&P/TSX composite index was down 256.02 points at 21,971.61.

In New York, the Dow Jones industrial average was up 378.23 points at 39,081.50. The S&P 500 index was up 63.80 points at 5,250.13, while the Nasdaq composite was up 166.33 points at 16,366.41.

The Canadian dollar traded for 72.44 cents US compared with 72.16 cents US on Friday.

The September crude oil contract was up 33 cents at US$73.27 per barrel and the August natural gas contract was up four cents at US$1.98 per mmBTU.

The December gold contract was down US$8.20 at US$2,436.20 an ounce and the September copper contract was up a penny at US$4.01 a pound.

This report by The Canadian Press was first published Aug. 6, 2024.

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

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