23.1 C
New York
June 16, 2024
Worship Media
Business

Commodities push S&P/TSX composite down ahead of quadruple witching option expiry

TORONTO — A drop in commodities depressed Canada’s main stock index a day before heightened volatility associated with the quarterly expiry of options known as quadruple witching.

The S&P/TSX composite index closed down 91.69 points to 20,602.10.

In New York, the Dow Jones industrial average was down 63.07 points at 34,751.32. The S&P 500 index was down 6.95 points at 4,473.75, while the Nasdaq composite was up 20.39 points at 15,181.92.

The Canadian dollar traded for 78.90 cents US compared with 79.05 cents US on Wednesday.

The October crude oil contract was unchanged at US$72.61 per barrel and the October natural gas contract was down 12.5 cents at US$5.34 per mmBTU.

The December gold contract was down US$38.10 at US$1,756.70 an ounce and the December copper contract was down 12.5 cents at US$4.28 a pound.

This report by The Canadian Press was first published Sept. 16, 2021.

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/commodities-push-s-p-tsx-composite-down-ahead-of-quadruple-witching-option-expiry-1.5587544

Related posts

Why women bear the brunt of virus fallout in workplace

CTV News

Husky Energy hit by non-cash impairment charges, reports $7-billion loss in Q3

CTV News

Losses mount for oil majors as pandemic grips global economy

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