It is widely understood that, on July 20, 2023, Canada’s main stock index experienced a decline in morning trading due to losses in technology shares. In contrast, US stock markets showed mixed results.
The S&P/TSX Composite Index was down by 57.74 points at 20,433.43. Meanwhile, in New York, the Dow Jones industrial average saw an increase of 234.85 points, reaching 35,296.06. However, the S&P 500 Index decreased by 16.44 points to 4,549.28 and the Nasdaq Composite dropped by 177.37 points to reach 14,180.65.
The Canadian dollar traded at 75.87 US cents compared with Wednesday’s rate of 75.93 US cents.
In terms of commodities, the September crude oil contract rose by $0.44 to $75.73 per barrel while the August natural gas contract increased by $0.15 to reach $2.76 per mmBTU (million British thermal units).
On the other hand, gold experienced a decline as the August gold contract dropped by $8.30 to $1,972.50 per ounce while copper showed some improvement with the September copper contract rising by four cents to reach $3.85 per pound.
It is important to note that this report has been sourced from The Canadian Press and was first published on July 20th, 2023.
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