S&P/TSX composite down in late-morning trading, U.S. stocks also lower

TORONTO — Canada’s main stock index was down in late-morning trading, weighed down by losses in the technology sector, while U.S. stock markets also fell.

The S&P/TSX composite index was down 65.21 points at 21,318.43.

In New York, the Dow Jones industrial average was down 407.37 points at 34,526.90. The S&P 500 index was down 50.60 points at 4,424.41, while the Nasdaq composite was down 190.69 points at 13,933.41.

The Canadian dollar traded for 78.78 cents US compared with 78.83 cents US on Wednesday.

The April crude oil contract was down US$2.28 at US$89.55 per barrel and the March natural gas contract was down 13 cents at US$4.59 per mmBTU.

The April gold contract was up US$27.60 at US$1,899.10 an ounce and the March copper contract was down a penny at US$4.53 a pound.

This report by The Canadian Press was first published Feb. 17, 2022.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

The Canadian Press