Losses in the financial sector weigh on S&P/TSX composite, U.S. markets fall

Losses in the financial sector weigh on S&P/TSX composite, U.S. markets fall
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TORONTO — Losses in the financial sector weighed on Canada’s main stock index, which posted a triple-digit decline in early trading.

The S&P/TSX composite index was down 121.91 points at 14,759.25.

In New York, the Dow Jones industrial average was down 222.36 points at 23,542.42. The S&P 500 index was down 21.45 points at 2,848.67, while the Nasdaq composite was down 27.93 points at 8,974.62.

The Canadian dollar traded for 71.18 cents US compared with an average of 71.35 cents US on Tuesday.

The July crude contract was up three cents at US$26.36 per barrel and the June natural gas contract was down nearly three cents at US$1.69 per mmBTU.

The June gold contract was up US$17.30 at US$1,715.30 an ounce and the July copper contract was up nearly a penny at nearly US$2.37 a pound.

This report by The Canadian Press was first published May 13, 2020.

 

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

 

The Canadian Press

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