Weakness in materials sector hurts S&P/TSX composite, U.S. markets mixed

Weakness in materials sector hurts S&P/TSX composite, U.S. markets mixed
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TORONTO — Canada’s main stock index was down in late-morning trading as the materials sector fell, while U.S. stock markets were mixed.

The S&P/TSX composite index was down 15.84 points at 14,950.72.

In New York, the Dow Jones industrial average was down 183.38 points at 24,147.94. The S&P 500 index was down 11.65 points at 2,918.15, while the Nasdaq composite was up 19.46 points at 9,140.78.

The Canadian dollar traded for 71.24 cents US compared with an average of 71.77 cents US on Friday.

The July crude contract was down 43 cents at US$25.74 per barrel and the June natural gas contract was up nearly three cents at US$1.85 per mmBTU.

The June gold contract was down US$17.50 at US$1,696.40 an ounce and the July copper contract was down three cents at US$2.37 a pound.

This report by The Canadian Press was first published May 11, 2020.

 

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

 

The Canadian Press

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