Financials boost S&P/TSX composite, U.S. stocks mixed at start of trading

Financials boost S&P/TSX composite, U.S. stocks mixed at start of trading
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TORONTO — Strength in the financial sector offset losses in the materials sector as Canada’s main stock index moved higher in early trading.

The S&P/TSX composite index was up 13.37 points at 15,161.49.

In New York, the Dow Jones industrial average was up 345.12 points at 25,340.23. The S&P 500 index was up 22.12 points at 3,013.89, while the Nasdaq composite was down 26.69 points at 9,313.53.

The Canadian dollar traded for 72.65 cents US compared with an average of 72.44 cents US on Tuesday.

The July crude contract was down 78 cents at US$33.57 per barrel and the July natural gas contract was down three cents at US$1.92 per mmBTU.

The June gold contract was down US$18.60 at US$1,687.00 an ounce and the July copper contract was down nearly three cents at US$2.39 a pound.

This report by The Canadian Press was first published May 27, 2020.

 

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

 

The Canadian Press

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