S&P/TSX composite drops by nearly 100 points; U.S. stock markets exhibit a mixed performance

Canada’s primary stock index experienced a decline of nearly 100 points in late-morning trading, primarily due to losses in the energy and base metal sectors. Meanwhile, the U.S. stock markets displayed a mixed performance.

The S&P/TSX composite index was down 90.99 points at 20,316.58.

In New York, the Dow Jones industrial average was down 2.11 points at 35,279.29. The S&P 500 index was up 14.26 points at 4,478.31, while the Nasdaq composite was up 75.09 points at 13,719.94.

The Canadian dollar traded for 74.25 cents US compared with 74.39 cents US on Friday.

The September crude contract was down 59 cents at US$82.60 per barrel, while the September natural gas contract was down a penny at US$2.76 per mmBTU.

The December gold contract experienced a decline of US$5.70 at US$1,940.90 an ounce, and the September copper contract was down a penny at US$3.71 a pound.

© 2023 The Canadian Press

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