5.2 C
New York
March 29, 2024
Worship Media
Business

Toronto stock market dips on weakness in the energy and financials sectors

TORONTO — Canada’s main stock index slipped lower, snapping a two-day rally by the heavyweight financials sector as banks were the biggest decliners.

The S&P/TSX composite index closed down for the first time in five days, losing 9.30 points at 15,262.73.

In New York, the Dow Jones industrial average was down 147.63 points at 25,400.64. The S&P 500 index was down 6.40 points at 3,029.73, while the Nasdaq composite was down 43.37 points at 9,368.99.

The Canadian dollar traded for 72.65 cents US compared with 72.57 cents US on Wednesday.

The July crude contract was up 90 cents at US$33.71 per barrel and the July natural gas contract was down 5.9 cents at nearly US$1.83 per mmBTU.

The August gold contract was up US$1.50 at US$1,728.30 an ounce and the July copper contract was up 3.15 cents at US$2.41 a pound.

This report by The Canadian Press was first published May 28, 2020.

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/toronto-stock-market-dips-on-weakness-in-the-energy-and-financials-sectors-1.4958124

Related posts

Cineplex CEO says movie exhibitor will be ‘agile’ in face of Hollywood uncertainty

CTV News

CMHC reports annual pace of housing starts in Canada picked up in August

CTV News

Energy companies help lead stocks higher on Wall Street

CTV News

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy