S&P/TSX composite down nearly 100 points as U.S. stock markets tumble

By The Canadian Press on April 25, 2024.

The S&P TSX composite index screen at the TMX Market Centre in downtown Toronto is photographed on Friday, November 11, 2022. THE CANADIAN PRESS/ Tijana Martin

TORONTO – Canada’s main stock index was down nearly 100 points in late-morning trading, led by losses in the technology sector, while U.S. stock markets also fell.

The S&P/TSX composite index was down 96.07 points at 21,777.65.

In New York, the Dow Jones industrial average was down 593.20 points at 37,867.72. The S&P 500 index was down 62.53 points at 5,009.10, while the Nasdaq composite was down 267.79 points at 15,444.96.

The Canadian dollar traded for 72.96 cents US compared with 72.94 cents US on Wednesday.

The June crude oil contract was down 41 cents at US$82.40 per barrel and the June natural gas contract was down two cents at US$1.96 per mmBTU.

The June gold contract was up US$8.40 at US$2,346.80 an ounce and the July copper…