S&P/TSX composite ekes out new high as oil prices rise, U.S. markets broadly decline
Written by The Canadian Press on October 1, 2024
TORONTO — Canada’s main stock index eked out a new record Tuesday as oil prices rose, sending energy stocks higher, while U.S. markets broadly fell.
The S&P/TSX composite index closed up 33.62 points at 24,033.99.
In New York, the Dow Jones industrial average was down 173.18 points at 42,156.97. The S&P 500 index was down 53.73 points at 5,708.75, while the Nasdaq composite was down 278.81 points at 17,910.36.
The Canadian dollar traded for 74.05 cents US compared with 74.08 cents US on Friday.
The November crude oil contract was up US$1.66 at US$69.83 per barrel and the November natural gas contract was down two cents at US$2.90 per mmBTU.
The December gold contract was up US$30.90 at US$2,690.30 an ounce and the December copper contract was up four cents at US$4.59 a pound.
This report by The Canadian Press was first published Oct. 1, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press