S&P/TSX drops more than 150 points, U.S. stocks also down in late-morning trading


TORONTO — Canada’s main stock index slid in late-morning trading amid a widespread dip across nearly all sectors while U.S. stocks also dropped after Monday’s Memorial Day closure.

The S&P/TSX composite index was down 179.48 points at 20,739.92.

In New York, the Dow Jones industrial average was down 288.80 points at 32,924.16. The S&P 500 index was down 38.00 points at 4,120.24 while the Nasdaq composite was down 85.70 at 12,045.43.

The Canadian dollar traded for 79.06 cents US compared with 78.97 cents US on Monday.

The July crude oil contract was up US$1.77 from Friday’s settled price at US$116.84 per barrel and the July natural gas contract was down 24.9 cents at US$8.48 per mmBTU.

The August gold contract was down US$10.50 at US$1,846.80 an ounce and the July copper contract was down 1.7 cents at US$4.29 a pound.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X).



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