May 17th, 2024

S&P/TSX composite edges lower, U.S. stock markets climb as Nasdaq posts new record

By The Canadian Press on May 14, 2024.

A street sign along Bay Street in Toronto's financial district is shown on Tuesday, Jan. 12, 2021.THE CANADIAN PRESS/Nathan Denette

TORONTO – Canada’s main stock index edged lower Tuesday, led by weakness in energy stocks, while U.S. markets rose and the Nasdaq posted a new record high.

The S&P/TSX composite index closed down 15.83 points at 22,243.34.

In New York, the Dow Jones industrial average was up 126.60 points at 39,558.11. The S&P 500 index was up 25.26 points at 5,246.68,while the Nasdaq composite was up 122.94 points at 16,511.18.

The Canadian dollar traded for 73.24 cents UScompared with 73.14 cents US on Monday.

The June crude oil contract was down US$1.10 at US$78.02 per barrel and the June natural gas contract was down four cents at US$2.34 per 1,000 cubic feet.

The June gold contract was up US$16.90 at US$2,359.90 an ounce and the July copper contract was up 12 cents at US$4.89 a pound.

This report by The Canadian Press was first published May 14, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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