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S&P/TSX composite eeks out barest of gains on day but down for the quarter

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.

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The Canadian dollar was trading for 72.45 cents US, according to XE.com, compared with 72.96 cents US on Thursday.

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Read more: S&P/TSX composite down more than 100 points, U.S. stock markets also lower

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.

© 2022 The Canadian Press