S&P/TSX moves lower Wednesday despite energy gains, U.S. markets also down
TORONTO — Canada’s main stock index lost more than 50 points Wednesday despite strength in energy stocks, while U.S. stock markets also fell.
The S&P/TSX composite index closed down 53.56 points at 20,818.58.
In New York, the Dow Jones industrial average was down 284.85 points at 37,430.19. The S&P 500 index was down 38.02 points at 4,704.81, while the Nasdaq composite was down 173.73 points at 14,592.21.
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The Canadian dollar traded for 74.87 cents US compared with 75.10 cents US on Tuesday.
The February crude oil contract was up US$2.32 at US$72.70 per barrel and the February natural gas contract was up 10 cents at US$2.67 per mmBTU.
The February gold contract was down US$30.60 at US$2,042.80 an ounceand the March copper contract was down two cents at US$3.86 a pound.
This report by The Canadian Press was first published Jan. 3, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
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The Canadian Press
