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

TORONTO –

Losses within the base metals sector helped lead Canada’s principal inventory index decrease in late-morning buying and selling, whereas U.S. inventory markets additionally fell.

The S&P/TSX composite index was down 35.50 factors at 20,689.50.

In New York, the Dow Jones industrial common was down 82.04 factors at 34,074.65. The S&P 500 index was down 29.66 factors at 4,134.34, whereas the Nasdaq composite was down 149.49 factors at 11,964.30.

The Canadian greenback traded for 74.45 cents US in contrast with 74.43 cents US on Tuesday.

The March crude contract was up 91 cents at US$78.05 per barrel and the March pure fuel contract was down 9 cents at US$2.50 per mmBTU.

The April gold contract was up US$2.70 at US$1,887.50 an oz and the March copper contract was down 4 cents at US$4.04 a pound.

This report by The Canadian Press was first revealed Feb. 8, 2023