PriceSensitive

@ the Bell: Market drop and overseas tensions hurt TSX

Market News, Sponsored
12 April 2024 16:15 (EDT)

TMXGroup CEO John McKenzie. (Source: TMXGroup.)

Early gains among materials and energy sectors couldn’t help Canada’s main stock index recover from its weekly losses. The broad declines on the TSX were led by tech, financial, and industrial shares. Euro and Asian markets were also split.

U.S. indices continued their descent as major banks ushered in the corporate earnings season while geopolitical concerns and inflation left investors stressed. Escalating tensions between Iran and Israel have also contributed to this steep decline among stocks and commodities.

TSX21,899.99-210.12
TSXV587.71-3.57
CSE191.58-9.25
DJIA37,983.24-475.84
NASDAQ16,175.09-267.10
S&P 5005,123.41-75.65

The Canadian dollar traded for 72.59 cents compared with 73.09 cents U.S. on Thursday.

U.S. crude futures traded $0.45 higher at $85.47 a barrel, and the Brent contract added $0.46 to $90.20 a barrel.

The price of gold was down US$32.56 to US$2,344.44.

In world markets, the Nikkei was up 80.92 points to 39,523.55, the Hang Seng was down 373.34 points to 16,721.69, the FTSE was up 69.71 points to 7,993.51, and the DAX was down 24.16 points to 17,930.32.


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