S&P/TSX composite down as oil prices jump, U.S. stock markets also lower
Written by The Canadian Press on October 3, 2024
TORONTO — Canada’s main stock index dipped lower on Thursday as broad losses outweighed strength in energy stocks amid another jump in oil, while U.S. markets also moved lower.
The S&P/TSX composite index closed down 33.05 points at 23,968.50.
In New York, the Dow Jones industrial average was down 184.93 points at 42,011.59. The S&P 500 index was down 9.60 points at 5,699.94, while the Nasdaq composite was down 6.65 points at 17,918.48.
The Canadian dollar traded for 73.86 cents US compared with 74.12 cents US on Wednesday.
The November crude oil contract was up US$3.61 at US$73.71 per barrel and the November natural gas contract was up eight cents at US$2.97 per mmBTU.
The December gold contract was up US$9.50 at US$2,679.20 an ounce and the December copper contract was down 10 cents at US$4.55 a pound.
This report by The Canadian Press was first published Oct. 3, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press