S&P/TSX composite down, U.S. stock markets after Powell speech

TORONTO –

Canada’s predominant inventory index was down in late-morning buying and selling, whereas U.S. inventory markets had been blended following a speech by U.S. Federal Reserve chair Jerome Powell who stated upcoming choices on rates of interest shall be primarily based on what the incoming information says about inflation and the economic system.

The S&P/TSX composite index was down 21.18 factors at 19,754.65.

In New York, the Dow Jones industrial common was up 76.18 factors at 34,175.60. The S&P 500 index was down 5.80 factors at 4,370.51, whereas the Nasdaq composite was down 58.39 factors at 13,405.58.

The Canadian greenback traded for 73.34 cents US in contrast with 73.72 cents US on Thursday.

The October crude contract was up 89 cents at US$79.94 per barrel and the October pure gasoline contract was unchanged at US$2.64 per mmBTU.

The December gold contract was down US$12.90 at US$1,934.20 an oz. and the September copper contract was down two cents at US$3.76 a pound.