On Thursday, the TSX gave back Wednesday’s gains and then some, shouldering pronounced losses in financial, health care, base metal and technology stocks, offset by optimism in utilities and battery metals, with investors spooked by the price of oil adding more than 10 per cent since Wednesday as Iran and the United States offer conflicting remarks about a potential end to the war.
US stocks also took a fall, digesting a perceived escalation in the Middle Eastern conflict, as Iran reportedly carried out attacks on Gulf neighbors from Iraqi territory, decreasing the probability of the Strait of Hormuz opening to international shipping within US president Trump’s 5-day deadline.
| TSX | 31,887.52 | -495.08 |  |
| TSXV | 910.55 | -37.09 | |
| CSE | 161.54 | -6.35 | |
| DJIA | 45,960.11 | -469.38 | |
| NASDAQ | 21,408.08 | -521.74 | |
| S&P 500 | 6,477.16 | −114.74 | |
The Canadian dollar traded for US$0.7213, down from US$0.7240 on Wednesday.
US crude futures traded US$3.55 higher to US$93.87 per barrel, while the Brent contract traded US$0.57 lower to US$101.32 per barrel.
The price of gold was down by US$162.50 to US$4,389.80 per ounce.
In world markets, the Nikkei gave back 145.97 points to 53,603.65, the Hang Seng fell by 479.52 points to 24,856.43, the FTSE gave back 134.67 points to 9,972.17, while the DAX fell by 344.11 points to 22,612.97.
Join the discussion: Find out what investors are saying about Canadian stocks, US stocks and the war in Iran on Stockhouse’s stock forums and message boards.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein.
For full disclaimer information, please click here.
