S&P/TSX composite plunges Friday as U.S. markets nosedive
Written by The Canadian Press on August 2, 2024
TORONTO — Canada’s main stock index sank on Friday as major indices spanning energy, technology and finance all tumbled.
The S&P/TSX composite index was down 495.58 points at 22,227.63.
In New York, the Dow Jones industrial average was down 610.71 points at 39,737.26. The S&P 500 index was down 100.12 points at 5,346.56, while the Nasdaq composite was down 417.98 points at 16,776.16.
The Canadian dollar traded for 72.16 cents US compared with 72.22 cents US on Thursday.
The September crude oil contract was down US$2.79 at US$73.52 per barrel and the September natural gas contract was unchanged at US$1.97 per 1,000 cubic feet.
The December gold contract was down US$11 at US$2,469.80 an ounce and the September copper contract was up two cents at US$4.10 a pound.
This report by The Canadian Press was first published Aug. 2, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press