TSX pulled lower by met­als and ma­te­ri­als stocks

Cape Breton Post - - Business -

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.

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