S&P/TSX composite down nearly 100 points, U.S. stock markets also lower

TORONTO — Canada's main stock index was down nearly 100 points in late-morning trading, weighed down by losses in the utility, industrial and financial sectors, while U.S. stock markets also lost ground.

The S&P/TSX composite index was down 98.97 points at 24,624.36.

In New York, the Dow Jones industrial average was down 85.63 points at 42,845.97. The S&P 500 index was down 16.28 points at 5,837.70, while the Nasdaq composite was down 24.81 points at 18,515.20.

The Canadian dollar traded for 72.33 cents US compared with 72.28 cents US on Monday.

The December crude oil contract was up US$1.57 at US$71.61 per barrel and the November natural gas contract was down two cents at US$2.30 per mmBTU.

The December gold contract was up US$19.40 at US2,758.30 an ounce and the December copper contract was up two cents at US$4.38 a pound.

This report by The Canadian Press was first published Oct. 22, 2024.

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

The Canadian Press