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S&P/TSX composite up slightly, U.S. markets dip despite earlier gains

Written by on May 16, 2024

TORONTO — Canada’s main stock index managed a slight gain Thursday as tech and financial stocks rose, while U.S. markets slipped into small losses despite earlier gains.

The S&P/TSX composite index closed up 15.07 points at 22,299.83.

In New York, the Dow Jones industrial average closed down 38.62 points at 39,869.38 after cresting 40,000 points for the first time earlier in the day. The S&P 500 index ended down 11.05 points at 5,297.10, while the Nasdaq composite was down 44.07 points at 16,698.32. 

The Canadian dollar traded for 73.42 cents US compared with 73.45 cents US on Wednesday.

The July crude oil contract was up 60 cents at US$79.23 per barrel and the June natural gas contract was up eight cents at US$2.50 per 1,000 cubic feet.

The June gold contract was down US$9.40 at US$2,385.50 an ounce and the July copper contract was down four cents at US$4.88 a pound.

This report by The Canadian Press was first published May 16, 2024.

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

The Canadian Press