“What we've seen is that September is living up to its reputation for being a challenging month for the markets, said Edward Jones senior investment strategist Angelo Kourkafas.
September is on track to be Wall Street’s worst month of 2023 as it tries to absorb a recent leap by Treasury yields which have reached heights unseen in more than a decade. Other factors contributing to a pullback include rising oil prices, as crude rallied further above US$90 per barrel on Wednesday.In recent days, a number of analysts have revised their forecasts with the view that triple-digit oil prices may now be in the cards for this fall amid strong global demand.
The November natural gas contract was up five cents at US$2.90 per mm/BTU, the December gold contract was down US$28.90 at US$1,890.90 an ounce and the December copper contract was down a penny at US$3.64 a pound.
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S&P/TSX composite down even as energy stocks climb with price of oilCanada's main stock index was down in late-morning trading as strength in energy stocks as the price of oil climbed higher wasn't enough to offset losses led by the telecom and utility sectors. The S&P/TSX composite index was down 69.22 points at 19,486.93. In New York, the Dow Jones industrial average was down 64.10 points at 33,554.78. The S&P 500 index was down 0.60 of a point at 4,272.93, while the Nasdaq composite was up 19.16 points at 13,082.77. The Canadian dollar traded for 74.02 cents
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Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,556.15, down 244.46 points): TC Energy Corp. (TSX:TRP). Energy. Down 83 cents, or 1.69 per cent, to $48.23 on 18.9 million shares. Canopy Growth Corp. (TSX:WEED). Healthcare. Down three cents, or 2.34 per cent, to $1.25 on 14.2 million shares. Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up $2.01, or 2.36 per cent, to $87.11 on 12.4 million shares. Suncor Energy Inc. (TSX:SU
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