S&P/TSX composite edges lower, U.S. stock markets trade down

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S&P/TSX composite edges lower, U.S. stock markets trade down

TORONTO – Canada’s main stock index edged lower in late-morning trading, weighed down by losses in the base metal and technology sectors, while U.S. stock markets also fell.

The S&P/TSX composite index was down 1.13 points at 19,516.58.

In New York, the Dow Jones industrial average was down 58.37 points at 32,594.83. The S&P 500 index was down 20.34 points at 3,835.76, while the Nasdaq composite was down 101.34 points at 10,789.51.

A sign board displays the TSX level in the financial district in Toronto on Wednesday, September 29, 2021. THE CANADIAN PRESS/Evan Buhler

The Canadian dollar traded for 73.28 cents US compared with 73.45 cents US on Tuesday.

The December crude contract was up 61 cents at US$88.98 per barrel and the December natural gas contract was up 42 cents at US$6.13 per mmBTU.

The December gold contract was up US$1.60 at US$1,651.30 an ounce and the December copper contract was down a penny at US$3.46 a pound.

This report by The Canadian Press was first published Nov. 2, 2022.

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

Credit: S&P/TSX composite edges lower, U.S. stock markets trade down