S&P/TSX composite down more than 100 points in late-morning trading

TORONTO — Losses in the technology and base metal sectors weighed on Canada’s main stock index as it lost more than 100 points in late-morning trading, while U.S. stock markets also pulled back.

The S&P/TSX composite index was down 102.63 points at 20,167.34.

In New York, the Dow Jones industrial average was down 200.22 points at 33,951.79. The S&P 500 index was down 35.42 points at 4,269.78, while the Nasdaq composite was down 187.15 points at 12,915.40.

The Canadian dollar traded for 77.38 cents US compared with 77.72 cents US on Tuesday.

The September crude contract was up 77 cents at US$87.30 per barrel and the September natural gas contract was down four cents at US$9.29 per mmBTU.

The December gold contract was down US$11.50 at US$1,778.20 an ounce and the September copper contract was down four cents at US$3.58 a pound.

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

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

The Canadian Press