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

TORONTO –

Canada’s fundamental inventory index was down in late-morning buying and selling, weighed down by losses within the industrial and telecommunication sectors, whereas U.S. inventory markets additionally fell.

The S&P/TSX composite index was down 39.21 factors at 20,486.24.

In New York, the Dow Jones industrial common was down 178.05 factors at 34,216.96. The S&P 500 index was down 31.48 factors at 4,045.09, whereas the Nasdaq composite was down 117.59 factors at 11,364.86.

The Canadian greenback traded for 74.20 cents US in contrast with 74.44 cents US on Thursday.

The January crude oil contract was up 14 cents at US$81.36 per barrel and the January pure gasoline contract was down 14 cents at US$6.60 per mmBTU.

The February gold contract was down US$14.70 at US$1,800.50 an oz. and the March copper contract was down lower than a penny at US$3.82 a pound.

This report by The Canadian Press was first revealed Dec. 2, 2022