May 14th, 2021

S&P/TSX composite falls, while tech focused U.S. stock markets also drop

By The Canadian Press on May 4, 2021.

The TMX Group logo is pictured in Toronto on June 28, 2013. THE CANADIAN PRESS/Aaron Vincent Elkaim

TORONTO – Most North American stock markets fell after a good start to May as the technology sector came under pressure especially in the United States.

The S&P/TSX composite index closed down 25.13 points to 19,188.03.

In New York, the S&P 500 index was down 28.00 points at 4,164.66, while the tech-heavy Nasdaq composite was down 261.62 points or 1.9 per cent at 13,633.50.

The Dow Jones industrial average, which tracks 30 large blue-chip stocks, was up 19.80 points at 34,133.03.

The Canadian dollar traded for 81.20 cents US compared with 81.44 cents US on Monday.

The June crude contract was up US$1.20 at US$65.69 per barrel and the June natural gas contract was down by one tenth of a cent at nearly US$2.97 per mmBTU.

The June gold contract was down US$15.80 at US$1,776.00 an ounce and the July copper contract was down 0.7 of a cent at US$4.52 a pound.

This report by The Canadian Press was first published May 4, 2021.

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

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