S&P/TSX composite down, led by energy and base metals; U.S. markets also in the red

Canada’s main stock index moved lower on Monday, dragged down by losses in energy and base metals, while U.S. markets also ended the day in the red, led by weakness on the Nasdaq.

The S&P/TSX composite index closed down 42.66 points at 20,410.21.

In New York, the Dow Jones industrial average was down 41.06 points at 36,204.44. The S&P 500 index was down 24.85 points at 4,569.78, while the Nasdaq composite was down 119.54 points at 14,185.49.

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The Canadian dollar traded for 73.85 cents US compared with 74.04 cents US on Friday.

The January crude oil contract was down US$1.03 at US$73.04 per barrel and the January natural gas contract was down 12 cents at US$2.69 per mmBTU.

The February gold contract was down US$47.50 at US$2,042.20 an ounce and the March copper contract was down 10 cents at US$3.84 a pound.

This report by The Canadian Press was first published Dec. 4, 2023.