P.M. market numbers: September 23, 2009

By Staff | September 23, 2009 | Last updated on September 23, 2009
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market closed lower Wednesday as energy stocks pulled back and the U.S. Federal Reserve offered a cautious outlook on an economic recovery.

The S&P/TSX composite index closed 68.19 points lower at 11,517.54 after the U.S. Federal Reserve announced at the conclusion of its meeting on interest rates that it was keeping its benchmark rate at a record low of near zero.

Almost seven months into a strong rally, investors were hoping that the Fed would provide an economic outlook strong enough to justify carrying on with the strong gains of 2009. On Wednesday, the Fed said that “economic activity has picked up following its severe downturn” but added that rates will stay at current levels for an “extended period of time.”

The TSX energy sector shed 1.35% with the price of oil in New York down $2.79 to US$68.97 after data showed an unexpected rise in crude inventories in the U.S. last week.

The Canadian dollar moved down 0.53 of a cent to 93.01 cents US.

New York markets were also weak as the Dow Jones industrial average fell 80.79 points to 9,749.08. The Nasdaq composite index was down 14.88 points to 2,131.42 while the S&P 500 index lost 10.79 points to 1,060.87.

(THE CANADIAN PRESS)

North American markets Back to Top
Close Change YTD
Dow Jones 9,748.55 -81.32 or -0.83% +11.08%
S&P 500 1,060.87 -10.79 or -1.01% +17.45%
NASDAQ 2,131.42 -14.88 or -0.69% +35.15%
TSX Composite 11,517.54 -68.19 or -0.59% +28.15%

International markets Back to Top
Close Change YTD
Nikkei 10,370.54 -73.26 or -0.70% +17.05%
Hang Seng 21,595.52 -105.62 or -0.49% +50.10%
SENSEX 16,719.50 -166.93 or -0.99% +73.31%
FTSE 100 5,139.37 -3.23 or -0.06% +15.90%
CAC 40 3,821.79 -1.73 or -0.05% +18.76%
DAX 5,702.05 -7.33 or -0.13% +18.54%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 102.78 102.76 3.41
Cdn. 30-year bond 117.99 117.89 3.93
U.S. 10-year bond 101.84 101.50 3.40
U.S. 30-year bond 105.39 105.06 4.18

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.9301 0.9354
US $ 1.0751 1.0691

Euro Spot Rate Today Previous
Canadian $ 0.6309 0.6320
Euro 1.5851 1.5823

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $1014.75 $1010.25

Oil Close Change
WTI Crude Future (US) $68.36 -$3.40 or -4.74%

(09/23/09)

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.