Stock market today: S&P/TSX composite down nearly 200 points as price of oil falls

TORONTO –

Canada’s important inventory index was down almost 200 factors as the worth of oil fell and losses within the vitality and base metallic shares helped cleared the path decrease.

The S&P/TSX composite index was down 187.10 factors at 19,780.85.

In New York, the place markets had been closed Monday for Memorial Day, the Dow Jones industrial common was down 183.06 factors at 32,910.28. The S&P 500 index was down 2.62 factors at 4,202.83, whereas the Nasdaq composite was up 56.90 factors at 13,032.59.

The Canadian greenback traded for 73.54 cents US in contrast with 73.57 cents US on Monday.

The July crude contract was down US$2.62 from Friday at US$70.05 per barrel and the July pure fuel contract was down 11 cents from Friday at US$2.31 per mmBTU.

The August gold contract was up US$13.20 from Friday at US$1,976.30 an oz and the July copper contract was down two cents from Friday at US$3.66 a pound.

This report by The Canadian Press was first revealed May 30, 2023