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S&P/TSX Composite Index Down More Than 100 Points, U.S. Stock Markets Also Fall

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TORONTO-

Canada’s main stock index lost more than 100 points by late morning, weighed down by losses in the telecommunications and technology sectors, while U.S. stock markets also fell.

The S&P/TSX Composite Index lost 141.88 points to 22,043.37.

In New York, the Dow Jones industrial average fell 403.41 points to 39,163.44. The S&P 500 index fell 47.46 points to 5,196.31, while the Nasdaq Composite Index fell 203.94 points to 16,192.89.

The Canadian dollar traded at 73.66 US cents compared to 73.67 US cents on Monday.

The May crude oil contract rose US$1.15 to US$84.86 per barrel and the May natural gas contract rose four cents to US$1.87 per mmBTU.

The June gold contract rose US$20.20 to US$2,277.30 an ounce and the May copper contract rose 2 cents to US$4.07 a pound.


This report by The Canadian Press was first published April 2, 2024.

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