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

TORONTO –

Canada’s principal inventory index was down almost 100 factors in late-morning buying and selling, weighed down by losses within the power shares as the value of oil moved decrease, whereas U.S. inventory markets additionally retreated.

The S&P/TSX composite index was down 95.14 factors at 19,364.78.

In New York, the Dow Jones industrial common was down 182.61 factors at 31,922.64. The S&P 500 index was down 26.13 factors at 3,922.59, whereas the Nasdaq composite was down 113.14 factors at 11,674.26.

The Canadian greenback traded for 72.54 cents US in contrast with 73.15 cents US on Thursday.

The May crude contract was down US$1.76 at US$68.20 per barrel and the May pure fuel contract was up 4 cents at US$2.32 per mmBTU.

The April gold contract was up US$1.80 at US$1,997.70 an oz and the May copper contract was down six cents at US$4.06 a pound.

This report by The Canadian Press was first revealed March 24, 2023