S&P/TSX composite down in more than 200 points, U.S. stock markets also fall

Published January 25, 2022 at 11:32 am

TORONTO — Losses in the technology sector weighed on Canada’s main stock index as it fell more than 200 points in late-morning trading and U.S. stock markets also retreated.

The S&P/TSX composite index was down 208.70 points at 20,362.60.

In New York, the Dow Jones industrial average was down 358.58 points at 34,005.92. The S&P 500 index was down 77.15 points at 4,332.98, while the Nasdaq composite was down 368.09 points at 13,487.04.

The Canadian dollar traded for 79.11 cents US compared with 79.01 cents US on Monday.

The March crude oil contract was up US$1.41 at US$84.72 per barrel and the March natural gas contract was down six cents at US$3.82 per mmBTU.

The February gold contract was up US$4.00 at US$1,845.70 an ounce and the March copper contract was up two cents at US$4.44 a pound.