Thursday, October 3, 2024

S&P/TSX composite ticks lower Tuesday as oil prices fall, U.S. markets mixed

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TORONTO — Losses in the energy sector weighed on Canada’s main stock index as the price of oil fell Tuesday, though the index posted just a small decline while U.S. markets were mixed.

The S&P/TSX composite index was down 24.06 points at 23,003.09.

In New York, the Dow Jones industrial average was down 92.63 points at 40,736.96. The S&P 500 index was up 24.47 points at 5,495.52, while the Nasdaq composite was up 141.28 points at 17,025.88.

The Canadian dollar traded for 73.53 cents US compared with 73.74 cents US on Tuesday.

The October crude oil contract was down US$2.96 at US$65.75 per barrel and the October natural gas contract was up six cents at US$2.23 per mmBTU.

The December gold contract was up US$10.40 at US$2,543.10 an ounce and the December copper contract was down four cents at US$4.10 a pound.

This report by The Canadian Press was first published Sept. 10, 2024.

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

The Canadian Press

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