November 14th, 2024

S&P/TSX composite down more than 100 points, U.S. markets fall further

By The Canadian Press on February 16, 2023.

A currency trader passes by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Feb. 15, 2023. Asian stock markets fell Wednesday after U.S. inflation edged down less than expected, fuelling concern the Federal Reserve might think more interest rate hikes are needed. THE CANADIAN PRESS/AP-Ahn Young-joon

TORONTO – Canada’s main stock index lost just over half a per cent Thursday amid weakness in energy and technology, while U.S. markets fell further.

The S&P/TSX composite index was down 113.97 points at 20,606.42.

In New York, the Dow Jones industrial average was down 431.20 points, or 1.3 per cent, at 33,696.85. The S&P 500 index was down 57.19 points, or 1.4 per cent, at 4,090.41,while the Nasdaq composite was down 214.76 points, or 1.8 per cent, at 11,855.83.

The Canadian dollar traded for 74.41 cents US compared with 74.57 cents US on Wednesday.

The April crude oil contract was down nine cents at US$78.74 per barrel and the March natural gas contract was down eight cents at US$2.39 per mmBTU.

The April gold contract was up US$6.50 at US$1,851.80 an ounce and the March copper contract was up 13 cents at US$4.14 a pound.

This report by The Canadian Press was first published Feb. 16, 2023.

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

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