TSX pulled lower by metals and materials stocks
TORONTO — Falling metals and materials stocks pulled the Toronto stock market moderately lower today. The S&P/TSX composite index fell 76.51 points to 15,543.14, with all major sectors registering declines. Trading action was more muted in New York, as the Nasdaq composite index dropped 22.82 points to 6,072.55, a day after it hit a record on gains from technology stocks.
The broader-based S&P 500 shed 3.04 points to 2,388.13, while the Dow Jones industrial average was ahead 8.01 points to 20,957.90. As expected, the U.S. Federal Reserve announced it was leaving interest rates unchanged this month.
In the currency market, the average value for the Canadian dollar was 72.92 cents US, up 0.03 of a cent from Tuesday. Commodities were mixed with the June crude contract up 16 cents at US$47.82 per barrel, while June natural gas contract was ahead three cents at US$3.23 per mmBTU. The June gold contract pulled back $8.50 at US$1,248.50 an ounce and the July copper contract was down nine cents at US$2.54 a pound.