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

TORONTO –

Strength within the industrial and utility sectors helped lead Canada’s essential inventory index greater, whereas U.S. inventory markets fell in late-morning buying and selling to start out the yr.

The S&P/TSX composite index was up 89.50 factors at 19,474.42.

In New York, the Dow Jones industrial common was down 141.07 factors at 33,006.18. The S&P 500 index was down 23.70 factors at 3,815.80, whereas the Nasdaq composite was down 87.27 factors at 10,379.21.

The Canadian greenback traded for 73.24 cents US in contrast with 73.83 US cents on Friday.

The February crude contract was down US$1.20 at US$79.06 per barrel and the February pure fuel contract was down 45 cents at US4.03 per mmBTU.

The February gold contract was up US$11.70 at US$1,837.90 an oz. and the March copper contract was down a penny at US$3.80 a pound.

This report by The Canadian Press was first printed Jan. 3, 2023.