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S&P/TSX composite down as energy and base metal stocks fall, U.S. markets also lower

Written by on May 22, 2024

TORONTO — Canada’s main stock index was down more than 100 points Wednesday, weighed down by losses in base metal and energy stocks, while U.S. stock markets also moved lower.

The S&P/TSX composite index closed down 121.40 points at 22,346.76.

In New York, the Dow Jones industrial average was down 201.95 points at 39,671.04. The S&P 500 index was down 14.40 points at 5,307.01, while the Nasdaq composite was down 31.08 points at 16,801.54.

The Canadian dollar traded for 73.13 cents US compared with 73.27 cents on Tuesday.

The July crude oil contract was down US$1.09 at US$77.57 per barrel and the June natural gas contract was up 17 cents at US$2.84 per 1,000 cubic feet.

The June gold contract was down US$33.00 at US$2,392.90 an ounce and the July copper contract was down 26 cents at US$4.85 a pound.

This report by The Canadian Press was first published May 22, 2024.

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

The Canadian Press