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June 1, 2024
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North American stock markets down as financials and industrials fall

TORONTO — Canada’s main stock index was down in late-morning trading, hurt by losses in the financial and industrial sectors, while U.S. stock markets were mixed.

The S&P/TSX composite index was down 81.37 points at 14,421.84.

In New York, the Dow Jones industrial average was up 6.27 points at 23,254.24. The S&P 500 index was down 7.28 points at 2,812.72, while the Nasdaq composite was down 37.05 points at 8,826.12.

The Canadian dollar traded for 71.04 cents US compared with an average of 71.06 cents US on Wednesday.

The July crude contract was up US$1.11 at US$26.79 per barrel and the June natural gas contract was up nearly seven cents at nearly US$1.69 per mmBTU.

The June gold contract was up US$21.70 at US$1,738.10 an ounce and the July copper contract was little changed at nearly US$2.35 a pound.

This report by The Canadian Press was first published May 14, 2020.

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/north-american-stock-markets-down-as-financials-and-industrials-fall-1.4938894

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