19.8 C
New York
May 30, 2024
Worship Media
Business

Toronto’s main stock index falls more than 100 points on energy sector weakness

Toronto’s main stock index shed more than 100 points as it was dragged down by the energy sector despite a boost to the price of oil.

The S&P/TSX composite index fell 130.09 points to 16,169.20.

In New York, the Dow Jones industrial average gained 114.67 points to 26,428.32. The S&P 500 index advanced 24.90 points to 3,271.12, while the Nasdaq composite rose by 157.46 points to 10,745.27.

The Canadian dollar traded for 74.60 US cents compared with 74.45 on Thursday.

The September crude contract moved up 35 cents to US$40.27 per barrel and the September natural gas contract fell three cents to nearly US$1.80 per mmBTU.

The December gold contract soared US$19.10 to US$1,985.90 an ounce and the September copper contract shed about five cents to nearly US$2.87 a pound.

This report by The Canadian Press was first published July 30, 2020.

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/toronto-s-main-stock-index-falls-more-than-100-points-on-energy-sector-weakness-1.5046591

Related posts

Statistics Canada says manufacturing sales up 8.7 per cent in July

CTV News

EU says U.K. ‘can’t have cake, eat it too’ but eyes new talks

CTV News

Finnish grocery stores using new handles for forearm to avoid COVID-19

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