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Stockhouse @ the Bell: Materials move TSX down

Stockhouse Editorial
0 Comments| May 2, 2019


What a difference a week makes. After posting gains that pushed markets higher to end off April, falling commodity prices weighed on materials shares Thursday on the Toronto Stock Exchange. Traders sent copper to a two-month low and used news of record U.S. oil production to cash in some of Brent crude’s near 33 per-cent rise. The S&P 500 fell further from its all-time high, dragged lower by concern over how a trade deal remains elusive between the U.S. and China.

The S&P/TSX Composite Index was down 91.87 points to 16,410.88, and the TSX Venture Exchange was down 8.63 points to 601.28.

The Canadian dollar traded for 74.27 cents US compared with an average of 74.54 cents US on Wednesday.

Crude oil prices were down $1.95 to $61.65.

The price of gold was down $10.35 to $1271.05.

In U.S. markets; the Dow lost 122.35 points to 26,307.79, the S&P 500 gave up 6.21 points to 2,917.52, and the NASDAQ decreased 12.87 points to 8,036.77.

In world markets; the Nikkei remained at 22,258.73, the Hang Seng jumped 247.09 points to 29,944.18, the FTSE slipped 33.79 points to 7,351.31, and the DAX was up 1.34 points to 12,345.42.




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