Canada Stock Index Gains While U.S. Markets Face Declines
Toronto, Canada – Strength in technology stocks contributed to a positive move for Canada’s main stock index in late-morning trading, while U.S. stock markets experienced declines.
Market Overview:
- S&P/TSX Composite Index: Up by 25.66 points, reaching 24,955.55.
- U.S. Markets:
- Dow Jones Industrial Average: Down by 21.42 points, standing at 42,506.94.
- S&P 500: Down by 2.36 points, settling at 5,906.67.
- Nasdaq Composite: Down by 25.20 points, at 19,464.48.
Commodities and Currency Update:
- Canadian Dollar: Trading at 69.51 cents USD, slightly lower than Tuesday’s 69.74 cents USD.
- Crude Oil: The February crude oil contract fell by 54 cents, priced at US$73.71 per barrel.
- Natural Gas: The February natural gas contract rose by 17 cents, trading at US$3.62 per mmBTU.
- Gold: The February gold contract gained US$14.10, reaching US$2,679.50 per ounce.
- Copper: The March copper contract rose by 5 cents, priced at US$4.24 per pound.
The overall market movements reflect mixed investor sentiment, with strength in technology sectors in Canada offset by declines in major U.S. indices.
