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S&P/TSX composite drops on energy sector weakness, while U.S. indexes mixed

TORONTO — v> Canada’s main stock index closed in the red as it was weighed down by the energy sector.

The S&P/TSX composite index lost 45.22 points to 16,530.06.

In New York, the Dow Jones industrial average fell 80.12 points to 27,896.72, the S&P 500 index shed 6.92 points to 3,373.43 and the Nasdaq composite gained 30.26 points to 11,042.50. The Canadian dollar traded for 75.66 cents US compared with 75.45 cents US on Wednesday.

The September crude contract retreated 43 cents to US$42.24 barrel and the September natural gas contract gained three cents to US$2.18 per mmBTU.

The December gold contract gained US$21.40 to US$1,970.40 an ounce and the September copper contract fell about eight cents to nearly US$2.81 a pound.

This report by The Canadian Press was first published Aug. 13, 2020.

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/s-p-tsx-composite-drops-on-energy-sector-weakness-while-u-s-indexes-mixed-1.5062742

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