News Formal

Energy stocks drag TSX down as oil falls below US$80, while U.S. markets rise

  • 📰 SooToday
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 85%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

TORONTO — Losses in the energy sector dragged Canada's main stock index down Tuesday, while U.S. markets rose, led by gains on the Nasdaq. The S&P/TSX composite index closed down 168.35 points at 19,575.59.

TORONTO — Losses in the energy sector dragged Canada's main stock index down Tuesday, while U.S. markets rose, led by gains on the Nasdaq.In New York, the Dow Jones industrial average was up 56.74 points at 34,152.60. The S&P 500 index was up 12.40 points at 4,378.38, while the Nasdaq composite was up 121.08 points at 13,639.86.

The U.S. Federal Reserve last week announced it was holding its key overnight rate steady, though it left the door open to more rate hikes if necessary to continue cooling inflation.“Interest rates have continued to fall across the yield curve,” she added. But in Canada, the falling price of oil overshadowed the market. Oil fell below US$80 per barrel, and the energy index on the TSX was down 3.77 per cent.

"Oil is a commodity that has cyclical demand characteristics to it. And so any outlook ... in the context of a slowing economy means that there will be less demand for oil," she said.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 8. in CO
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

S&P/TSX composite index dragged down by energy stocks as oil falls below US$80TORONTO — Losses in the energy sector dragged Canada's main stock index down Tuesday, while U.S. markets rose, led by gains on the Nasdaq. The S&P/TSX composite index closed down 168.35 points at 19,575.59.
Fuente: SooToday - 🏆 8. / 85 Leer más »

TSX rises at open as oil prices push energy stocks upExplore stories from Atlantic Canada.
Fuente: SaltWire Network - 🏆 45. / 63 Leer más »

TSX rises at open as oil prices push energy stocks upMarket News
Fuente: KitcoNewsNOW - 🏆 13. / 78 Leer más »

Oil price news: Oil slips below US$80 as Fed rate worries cloud market outlook​Oil fell below US$80 a barrel for the first time in more than two months as fresh doubts on whether the Federal Reserve has finished tightening outweighed Saudi Arabia and Russia's supply cuts.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »