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S&P/TSX composite moves lower Tuesday, U.S. stock markets also down

Written by on August 20, 2024

TORONTO — Canada’s main stock index moved lower Tuesday after the latest report on inflation showed price growth easing, while U.S. markets were also lower.

The S&P/TSX composite index closed down 78.95 points at 23,037.44.

In New York, the Dow Jones industrial average was down 61.56 points at 40,834.97. The S&P 500 index was down 11.13 points at 5,597.12, while the Nasdaq composite was down 59.83 points at 17,816.94.

The Canadian dollar traded for 73.38 cents US compared with 73.25 cents US on Monday.

The October crude oil contract was down 49 cents at US$73.17 per barrel and the September natural gas contract was down four cents at US$2.20 per mmBTU.

The December gold contract was up US$9.30 at US$2,550.60 an ounce and the September copper contract was down two cents at US$4.16 a pound.

This report by The Canadian Press was first published Aug. 20, 2024.

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

The Canadian Press