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

TORONTO –

Losses within the power sector helped lead Canada’s most important inventory index decrease in late-morning buying and selling because it fell greater than 100 factors, whereas U.S. markets additionally fell forward of the U.S. Federal Reserve’s newest rate of interest determination this afternoon.

The S&P/TSX composite index was down 104.18 factors at 20,663.20.

In New York, the Dow Jones industrial common was down 256.31 factors at 33,829.73. The S&P 500 index was down 12.01 factors at 4,064.59, whereas the Nasdaq composite was down 28.03 factors at 11,556.52.

The Canadian greenback traded for 75.02 cents US in contrast with 74.91 cents US on Tuesday.

The March crude contract was down 69 cents at US$78.18 per barrel and the March pure gasoline contract was down 12 cents at US$2.56 per mmBTU.

The April gold contract was up US$1.40 at US$1,946.70 an oz. and the March copper contract was down eight cents at US$4.15 a pound.

This report by The Canadian Press was first revealed Feb. 1, 2023