S&P/TSX composite eeks out barest of gains on day but down for the quarter
Global News
The S&P/TSX composite index closed up 2.38 points at 18,444.22, marking a second negative quarter in a row.
A volatile trading day capped the quarter as an early rally evaporated to leave the S&P/TSX composite index with the barest of gains while U.S. markets swung deep into the red.
The S&P/TSX composite index closed up 2.38 points at 18,444.22, marking a second negative quarter in a row.
In New York, the Dow Jones industrial average closed down 500.10 points, or 1.7 per cent, at 28,725.51. The S&P 500 index was down 54.85 points, or 1.5 per cent, at 3,585.62, while the Nasdaq composite was down 161.89 points, or 1.5 per cent, at 10,575.62.
The Canadian dollar was trading for 72.45 cents US, according to XE.com, compared with 72.96 cents US on Thursday.
The November crude contract closed down US$1.74 at US$79.49 per barrel and the November natural gas contract was down nearly 11 cents at US$6.77 per mmBTU.
The December gold contract was up US$3.40 at US$1,672.00 an ounce and the December copper contract was down a penny at US$3.41 a pound.
The price for a barrel of benchmark U.S. crude shot up 8.5 per cent Thursday to settle at US$81.01 per barrel, the highest level since the summer of 2024.
Under the terms of the voluntary pledge, companies intend to build or buy new sources of power generation for their data centers and cover the expense of infrastructure upgrades.
Oil prices leaped, and stock markets slumped worldwide following military strikes by the United States and Israel on Iran, including Wall Street and the TSX.
'The core thesis is simple. Intelligence tools have changed what it means to build and run a company,' CEO Jack Dorsey said in a letter to shareholders of the financial tech firm.