Energy stocks help lift S&P/TSX composite higher, U.S. stock markets down

TORONTO — Strength in the energy sector helped lift Canada’s main stock index as the price of oil also climbed higher, while U.S. stock markets fell in late-morning trading.

The S&P/TSX composite index was up 72.39 points at 19,330.71.

In New York, the Dow Jones industrial average was down 1.88 points at 31,436.38. The S&P 500 index was down 10.64 points at 3,889.47, while the Nasdaq composite was down 117.40 points at 11,407.15.

The Canadian dollar traded for 77.63 cents US compared with 77.60 cents US on Monday.

The August crude oil contract was up US$1.25 at US$110.82 per barrel and the August natural gas contract was up 10 cents at US$6.64 per mmBTU.

The August gold contract was down US$2.10 at US$1,822.70 an ounce and the September copper contract was up three cents at US$3.79 a pound.

This report by The Canadian Press was first published June 28, 2022.

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

The Canadian Press