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S&P/TSX composite falls to end a third-straight losing week on angst about Fed

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TORONTO — The strong rebound in Canada's main stock index was short-lived as it pushed lower to end a third-consecutive losing week amid concerns about impending action by the U.S. Federal Reserve.

The S&P/TSX composite index closed down 128.76 points to 20,633.27.

In New York, the Dow Jones industrial average was down 59.71 points at 34,580.08. The S&P 500 index was down 38.67 points at 4,538.43, while the Nasdaq composite was down 295.85 points at 15,085.47.

The Canadian dollar traded for 78.05 cents US compared with 78.03 cents US on Thursday.

The January crude oil contract was down 24 cents at US$66.26 per barrel and the January natural gas contract was up 7.6 cents at US$4.13 per mmBTU.

The February gold contract was up US$21.20 at US$1,783.90 an ounce and the March copper contract was down 3.2 cents at nearly US$4.27 a pound.

This report by The Canadian Press was first published Dec. 3, 2021.

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

The Canadian Press

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