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May 16, 2024
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Energy sector helps lift Toronto market in early trading, U.S. stock markets mixed

TORONTO — Gains in the energy sector helped boost Canada’s main stock index in early trading, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 30.64 points at 17,965.09.

In New York, the Dow Jones industrial average was down 47.55 points at 30,961.14. The S&P 500 index was up 0.70 of a point at 3,800.31, while the Nasdaq composite was up 49.03 points at 13,085.46.

The Canadian dollar traded for 78.33 cents US compared with 78.20 cents US on Monday.

The February crude oil contract was up 47 cents at US$52.72 per barrel and the February natural gas contract was up 11 cents at US$2.86 per mmBTU.

The February gold contract was down US$5.50 at US$1,845.30 an ounce and the March copper contract was up five cents at US$3.61 a pound.

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/energy-sector-helps-lift-toronto-market-in-early-trading-u-s-stock-markets-mixed-1.5262962

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