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S&P/TSX composite down Wednesday, U.S. stock markets drift higher

Written by on October 2, 2024

TORONTO — Canada’s main stock index retreated from its all-time high on Wednesday, weighed down by telecom, industrial and utilities stocks, while U.S. markets drifted higher.

The S&P/TSX composite index closed down 32.44 points at 24,001.55.

In New York, the Dow Jones industrial average was up 39.55 points at 42,196.52. The S&P 500 index was up 0.79 points at 5,709.54, while the Nasdaq composite was up 14.76 points at 17,925.12.

The Canadian dollar traded for 74.12 cents US compared with 74.05 cents US on Tuesday.

The November crude oil contract was up 27 cents at US$70.10 per barrel and the November natural gas contract was up a penny at US$2.89 per mmBTU.

The December gold contract was down US$20.60 at US$2,669.70 an ounce and the December copper contract was up six cents at US$4.65 a pound.

This report by The Canadian Press was first published Oct. 2, 2024.

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

The Canadian Press