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S&P/TSX composite closes higher as oil prices rise, U.S. markets end lower
- Canada's main stock index, the TSX, recovered from earlier losses to close in positive territory on Sept 14, gaining 5.04 points to finish at 35,702.53.
- Markets in New York closed lower on Sept 14 as artificial-intelligence stocks slid, with the Dow Jones industrial average falling 152.09 points to 52,421.20.
- Supporting the TSX, The October crude oil contract rose US$1.34 to US$101.39 per barrel, while The December gold contract dropped US$57.00 to US$4,351.90 an ounce and CADUSD traded at 71.90 cents.
- Nasdaq also declined alongside the Dow Jones, falling 146.62 points to 26,186.41 as investors reacted to weakness in New York's technology sector.
- Divergence between Canada energy-linked stocks and U.S. technology shares marked Sept 14 trading, as Electronic displays at the New York Stock Exchange underscored sector-specific volatility throughout the day.
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The Toronto Star+5 Reposted by 5 other sources
S&P/TSX composite down despite strength in energy stocks as oil prices rise
TORONTO - Canada's main stock index was down in late-morning trading despite strength in the energy sector as oil prices moved higher, while U.S. stock markets moved lower.
·Toronto, Canada
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Total News Sources9
Leaning Left4Leaning Right0Center3Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 43%
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