S&P/TSX ticks higher, U.S. stock markets down on latest inflation data
Written by The Canadian Press on October 10, 2024
TORONTO — Canada’s main stock index ticked higher Thursday thanks to higher commodity prices, even as fresh inflation data south of the border caused U.S. markets to fall back from the previous day’s record highs.
The S&P/TSX composite index closed up 77.36 points at 24,302.26.
In New York, the Dow Jones industrial average was down 57.88 points at 42,454.12. The S&P 500 index was down 11.99 points at 5,780.05, while the Nasdaq composite was down 9.57 points at 18,282.05.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$2.61 at US$75.85 per barrel and the November natural gas contract was up two cents at US$2.68 per mmBTU.
The December gold contract was up US$13.30 at US$2,639.30 an ounce and the December copper contract was up three cents at US$4.43 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press