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S&P/TSX composite down as materials and financials fall; U.S. stock markets mixed

TORONTO — Canada’s main stock index was down in late-morning trading, weighed down by losses in the heavyweight financial and materials sectors.

The S&P/TSX composite index down 65.41 points at 16,590.71.

In New York, the Dow Jones industrial average was down 70.53 points at 27,774.38. The S&P 500 index was up 1.06 points at 3,383.05, while the Nasdaq composite was up 36.15 points at 11,165.88.

The Canadian dollar traded for 75.91 cents US compared with 75.72 cents US on Monday.

The October crude contract was down 40 cents at US$42.77 per barrel and the September natural gas contract was up nine cents at US$2.43 per mmBTU.

The December gold contract was up US$7.40 at US$2,006.10 an ounce and the September copper contract was up six cents at US$2.96 a pound.

This report by The Canadian Press was first published Aug. 18, 2020.

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/s-p-tsx-composite-down-as-materials-and-financials-fall-u-s-stock-markets-mixed-1.5068457

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