S&P/TSX composite down almost 150 points, U.S. stock markets fall

TORONTO — Canada's main stock index lost almost 150 points Thursday, led by weakness in utilities and base metals, while U.S. stock markets also fell.

The S&P/TSX composite index closed down 145.97 points at 22,200.79.

In New York, the Dow Jones industrial average was down 605.78 points at 39,065.26. The S&P 500 index was down 39.17 points at 5,267.84, while the Nasdaq composite was down 65.51 points at 16,736.03.

The Canadian dollar traded for 72.98 cents US compared with 73.13 cents US on Wednesday.

The July crude contract was down 70 cents at US$76.87 per barrel and the June natural gas contract was down 19 cents at US$2.66 per 1,000 cubic feet.

The June gold contract was down US$55.70 at US$2,337.20 an ounce and the July copper contract was down six cents at US$4.79 a pound.

This report by The Canadian Press was first published May 23, 2024.

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

The Canadian Press