S&P/TSX composite down in broad-based decline, U.S. stock markets tumble
|Toronto Star 11 May 2021 at 11:45|
TORONTO - Canada’s main stock index posted a triple-digit decline in late-morning trading as losses in the energy sector helped lead a broad-based decline, while U.S. stock markets also tumbled lower.
The S&P/TSX composite index was down 159.02 at 19,202.86.
In New York, the Dow Jones industrial average was down 495.26 points at 34,247.56. The S&P 500 index was down 46.93 points at 4,141.50, while the Nasdaq composite was down 75.88 points at 13,325.98.
The Canadian dollar traded for 82.73 cents US compared with 82.68 cents US on Monday.
The June crude oil contract was up four cents US$64.96 per barrel and the June natural gas contract was down a penny at US$2.93 per mmBTU.
The June gold contract was down US$8.60 at US$1,829.00 an ounce and the July copper contract was up four cents at US$4.75 a pound.