The Globe and Mail reports in its Thursday edition that the S&P/TSX Composite Index fell Wednesday as lower oil prices weighed on energy shares and investors awaited greater clarity on the global trade outlook. A Reuters dispatch to The Globe says the Toronto Stock Exchange ended down 97.64 points at 26,329.00, after posting a record closing high on Tuesday. The U.S. government on Wednesday doubled the levies on steel and aluminum to 50 per cent. Meanwhile, Wall Street wavered and U.S. Treasury yields dropped as investors monitored U.S. trade negotiations and looked ahead to Friday's critical employment report. Tech pushed the Nasdaq modestly higher, while the S&P 500 ended the session essentially flat and the Dow closed slightly lower. The Dow Jones Industrial Average fell 91.90 points to 42,427.74. The U.S. dollar dipped and gold advanced. On the economic front, payrolls processor ADP reported the U.S. private sector added 37,000 jobs last month, or 69.2 per cent fewer than analysts expect the Labor Department's more comprehensive employment report to show on Friday. On the TSX, the energy sector fell 1.8 per cent as the price of oil settled 0.9 per cent lower at $62.85 (U.S.) a barrel on higher inventories.
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