TORONTO -- Canada's main stock index was lower in late-morning trading amid a broad-based decline on the Toronto market, while U.S. stocks were also mired in the red.

The S&P/TSX composite index was down 75.42 points at 15,996.63.

In New York, the Dow Jones industrial average was down 221.89 points at 26,606.50. The S&P 500 index was down 20.50 points at 2,905.01, while the Nasdaq composite was down 103.65 points at 7,921.44.

The Canadian dollar traded lower at 77.69 cents US compared with an average of 77.93 cents US on Wednesday.

The November crude contract was down 81 cents at US$75.60 per barrel and the November natural gas contract was down 5.1 cents at US$3.18 per mmBTU.

The December gold contract was up US$5.40 at US$1,208.30 an ounce and the December copper contract was down 0.35 of a cent at US$2.83 a pound.