S&P/TSX composite down in late-morning trading, U.S. stock markets higher

TORONTO –

Canada’s principal inventory index was down in late-morning buying and selling, dragged decrease by losses within the utility, industrial and telecommunication sectors, whereas U.S. inventory markets have been larger.

The S&P/TSX composite index was down 52.97 factors at 20,189.10.

In New York, the Dow Jones industrial common was up 107.83 factors at 33,119.97. The S&P 500 index was up 16.38 factors at 4,126.28, whereas the Nasdaq composite was up 45.56 factors at 12,388.61.

The Canadian greenback traded for 74.20 cents US in contrast with 74.32 cents US on Tuesday.

The June crude contract was up 61 cents at US$71.47 per barrel and the June pure gasoline contract was down 4 cents at US$2.34 per mmBTU.

The June gold contract was down US$8.50 at US$1,984.50 an oz. and the July copper contract was up eight cents at US$3.75 a pound.

This report by The Canadian Press was first revealed May 17, 2023.