S&P/TSX composite index weighed down by energy, U.S. markets rise

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TORONTO — Weakness in energy and base metals led Canada's main stock index to a loss Tuesday, while U.S. markets rose.

TORONTO — Weakness in energy and base metals led Canada's main stock index to a loss Tuesday, while U.S. markets rose.In New York, the Dow Jones industrial average was up 140.26 points at 38,711.29. The S&P 500 index was up 7.94 points at 5,291.34, while the Nasdaq composite was up 28.38 points at 16,857.05.The July crude oil contract was down 97 cents at US$73.25 per barrel and the July natural gas contract was down 17 cents at US$2.59 per 1,000 cubic feet.

Airlines and energy firms clashed over scarce availability of alternative fuels on Tuesday as carriers ended a three-day summit struggling to square near-record demand with supply chain problems and pressure to meet environmental goals. The aviation industry has committed to reducing net emissions to zero by 2050 largely through plant-based Sustainable Aviation Fuels . IATA Director General Willie Walsh said during a closing debate.

"The current upcycle started in late'23, so we are only in quarter 3, implying strength likely till mid-26E," Bank of America wrote on Monday.This top TSX dividend-growth stock now offers a yield of 8.5%. The post 1 Dividend Stock Down 23% to Consider Now appeared first on The Motley Fool Canada.Is BCE Inc. the Best Canadian Dividend Stock with High Yield?

 

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