TSX declines after US inflation data, loonie down

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TSX declines after US inflation data, loonie down

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 TSX declines after US inflation data, loonie down
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At the closing of trading on Tuesday, Canadian stocks were down due to losses in the IT, REIT, and real estate industries. The S&P/TSX Composite prices dropped 1.71 per cent in Toronto at market close.

The investors responded negatively to the US inflation data, which was released on Tuesday, September 13. US inflation slowed down slightly to 8.3 per cent in August.

One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (September 14). Analysis by © 2022 Kalkine Media®).

Volume Active

Suncor Energy Inc. (TSX: SU) traded the most on the Toronto Stock Exchange on September 13. However, its price declined by 1.2 per cent during the trading session and closed at C$ 41.6 apiece with a volume of around 13.6 million.

After Suncor, the Marathon Gold Corporation was the most active stock, with a volume of 11.34 million. Meanwhile, the third most active stock was Canadian Natural Resources Limited, and its trading volume was about 11.3 million shares.

Wall Street news

US stocks closed Tuesday's trading session down as losses in the technology, consumer services, and industrials sectors drove down share prices.

At the closing of trading, the Dow Jones Industrial Average sank 3.94 per cent to a new low for the month, and the S&P 500 index lost 4.32 per cent.

Commodities

In the commodities market, the price of Gold for December delivery dropped by 1.63 per cent to US$ 1,712.15 per troy ounce. In the meantime, the October delivery price of crude oil dropped by 0.26 per cent to US$ 87.55 per barrel, while the November Brent oil contract dropped by 0.67 per cent to US$ 93.37 per barrel.

Currency updates

The CAD/USD fell 1.32 per cent to 0.76, and the US Dollar Index Futures made gains of 1.37 per cent.

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