TORONTO — Canada’s main stock index moved lower Monday, led by losses in technology and utilities stocks, while U.S. stock markets were also down.
The S&P/TSX composite index closed down 66.38 points at 25,625.42.
In New York, the Dow Jones industrial average was down 240.59 points at 44,401.93. The S&P 500 index was down 37.42 points at 6,052.85, while the Nasdaq composite was down 123.08 points at 19,736.69.
“It started pretty positive in the morning. It’s just been slowly, slowly grinding down ever since,” said Michael Currie, senior investment adviser at TD Wealth.
Some of the market direction Monday was driven by two separate news stories out of China, he said.
“The (Chinese) central bank says they’re starting to buy gold again, and they’re looking to loosen their monetary policy a bit. So that helped oil a lot, helped gold a lot,” said Currie.
China also said it’s investigating semiconductor giant…
