TSX up slightly and U.S. markets fall on new coronavirus concerns

S&P/TSX composite index closed up 18.70 points

Canada’s main stock index inched slightly higher while U.S. markets retreated from record highs on new concerns about the economic impact from the coronavirus.

The S&P/TSX composite index closed up 18.70 points at 17,944.06.

In New York, the Dow Jones industrial average was down 128.05 points at 29,219.98. The S&P 500 index was down 12.92 points at 3,373.23, while the Nasdaq composite was down 66.21 points at 9,750.96.

The Canadian dollar traded for US75.45¢ compared with an average of US75.58¢ on Wednesday.

The April crude contract was up US39¢ at US$53.88 per barrel and the April natural gas contract was down four cents at US$1.93 per mmBTU.

The April gold contract was up US$8.70 at US$1,620.50 an ounce and the March copper contract was down 1.8 cents at US$2.59 a pound.