TORONTO – Canada’s main stock index and U.S. markets started September under pressure as signs of weakening economic activity pushed commodities and stocks lower.
The S&P/TSX composite index closed down 303.73 points at 23,042.45, led lower by energy and metals companies.
In New York, the Dow Jones industrial average closed down 626.15 points at 40,936.93. The S&P 500 index was down 119.47 points, or 2.1 per cent, at 5,528.93, while the Nasdaq composite was down 577.33 points, or 3.3 per cent, at 17,136.30.
The Canadian dollar traded for 73.81 cents US compared with 74.12 cents US on Friday.
The October crude oil contract was down US$3.21 at US$70.34 per barrel and the October natural gas contract was up seven cents at US$2.20 per mmBTU.
The December gold contract was down US$4.60 at US$2,523 an ounce and the December copper contract was down 12 cents at US$4.09 a pound.
This report by The Canadian Press was first published Sept. 3, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
