S&P/TSX composite down more than 100 points, U.S. stock markets also down

TORONTO -

Canada's main stock index was down more than 100 points in late-morning trading as losses in the energy and technology sectors helped lead the way lower, while U.S. stock markets were also in the red.

The S&P/TSX composite index was down 113.53 points at 20,128.73.

In New York, the Dow Jones industrial average was down 232.76 points at 33,714.34. The S&P 500 index was down 43.56 points at 3,955.28, while the Nasdaq composite was down 170.57 points at 11,069.37.

The Canadian dollar traded for 73.36 compared with 73.90 cents US on Monday.

The January crude contract was down US$1.76 at US$75.17 per barrel and the January natural gas contract was down 10 cents at US$5.48 per mmBTU.

The February gold contract was up US$4.80 at US$1,786.10 an ounce and the March copper contract was up three cents at US$3.83 a pound.

This report by The Canadian Press was first published Dec. 6, 2022