TORONTO – Canada’s main stock index crept lower on Friday while U.S. markets were also down, led by a 1.2-per cent loss on the Nasdaq after both countries saw fresh jobs data.
Markets were up earlier in the day before slumping in the afternoon, with the S&P 500 pulling back from Thursday’s all-time highs after AI darling Nvidia, one of the major drivers of recent growth, fell 5.6 per cent.
The tech stock has soared by almost 77 per cent so far this year, and Friday was its worst day since May.
In New York, the Dow Jones industrial average was down 68.66 points at 38,722.69.The S&P 500 index was down 33.67 points at 5,123.69, while the Nasdaq composite was down 188.26 points at 16,085.11.
The S&P/TSX composite index closed down 57.30 points at 21,737.53.
Friday’s much-anticipated jobs report in the U.S….
