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

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

The S&P/TSX composite index was down 99.78 points at 21,076.55.

In New York, the Dow Jones industrial average was down 216.14 points at 34,095.89. The S&P 500 index was down 32.01 points at 4,348.25, while the Nasdaq composite was down 174.29 points at 13,542.43.

The Canadian dollar traded for 78.44 cents US compared with 78.77 cents US on Thursday.

The April crude oil contract was down 44 cents at US$89.60 per barrel and the April natural gas contract was up seven cents at US$4.50 per mmBTU.

The April gold contract was down US$8.60 at US$1,893.40 an ounce and the March copper contract was up a penny at US$4.53 a pound.

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This report by The Canadian Press was first published Feb. 18, 2022.

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

The Canadian Press