S&P/TSX composite swings wildly to close its worst week in more than 2 years
TORONTO — A uncommon sizable decline in crude oil costs overwhelmed a tech bounce to push Canada’s foremost inventory index decrease, ending a brutal week that noticed it plunge 6.6 per cent in its worst efficiency in additional than two years.
The S&P/TSX composite index closed down 73.58 factors to 18,930.48 in a every day swing of greater than 400 factors.
In New York, the Dow Jones industrial common was down 38.29 factors at 29,888.78. The S&P 500 index was up 8.07 factors at 3,674.84, whereas the Nasdaq composite was up 152.25 factors at 10,798.35.
The Canadian greenback traded for 76.72 cents US in contrast with 77.35 cents US on Thursday.
The August crude contract was down US$7.26 at US$107.99 per barrel and the July pure gasoline contract was down 52 cents at US$6.94 per mmBTU.
The August gold contract was down US$9.30 at US$1,840.60 an oz. and the July copper contract was down 9.5 cents at US$4.01 a pound.
