S&P/TSX composite edges up, U.S. markets move lower
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Hey there, time traveller!
This article was published 28/05/2025 (302 days ago), so information in it may no longer be current.
TORONTO – Canada’s main stock index ticked higher and U.S. markets drifted lower on Wednesday, as investors braced for earnings from U.S. tech heavyweight Nvidia after the bell and GDP numbers later in the week.
The S&P/TSX composite index rose 14.45 points to 26,283.45.
In New York, the Dow Jones industrial average dropped 244.95 points at 42,098.70. The S&P 500 index was down 32.99 points at 5,888.55, while the Nasdaq composite fell 98.23 points at 19,100.94.
The Canadian dollar traded for 72.33 cents US compared with 72.60 cents US on Tuesday.
The July crude oil contract rose 95 cents US to US$61.84 per barrel and the July natural gas contract was down 19 cents US at US$3.56 per mmBTU.
The August gold contract was down US$5.90 at US$3,322.40 an ounce and the July copper contract was down about 6.6 cents US at US$4.67 a pound.
This report by The Canadian Press was first published May 28, 2025.
Companies in this story: (TSX: GSPTSE, TSX: CADUSD)
Note to readers:This is a corrected story; An earlier version had the incorrect dollar figure for Tuesday.