S&P/TSX composite dips from record close, two U.S. markets set new highs

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TORONTO — Canada's main stock index dipped from Friday's record high despite increased oil prices while a defensive move toward technology pushed two U.S. stock markets into record territory on the lingering impact of a dovish Fed outlook.

The S&P/TSX composite index closed down 49.67 points to 20,594.97.

In New York, the Dow Jones industrial average was down 55.96 points at 35,399.84. The S&P 500 index was up 19.42 points at 4,528.79, while the Nasdaq composite was up 136.39 points at 15,265.89.

The Canadian dollar traded for 79.35 cents US compared with 79.15 cents US on Friday.

The October crude oil contract was up 47 cents at US$69.21 per barrel and the October natural gas contract was down 8.3 cents at US$4.31 per mmBTU.

The December gold contract was down US$7.30 at US$1,812.20 an ounce and the December copper contract was up 4.4 cents at US$4.38 a pound.

This report by The Canadian Press was first published Aug. 30, 2021.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

The Canadian Press

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