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S&P/TSX composite down more than 500 points, U.S. stocks also tumble lower


TORONTO — Canada’s main stock index was down more than 500 points in a broad-based decline in late-morning trading, while U.S. stock markets also fell.

The S&P/TSX composite index was down 564.41 points at 20,068.87.

In New York, the Dow Jones industrial average was down 569.89 points at 32,329.48. The S&P 500 index was down 104.95 points at 4,018.39, while the Nasdaq composite was down 403.39 points at 11,741.27.

The Canadian dollar traded for 77.08 cents US compared with 77.63 cents US on Friday.

The June crude contract was down US$4.71 at US$105.06 per barrel and the June natural gas contract was down 64 cents at US$7.40 per mmBTU.

The June gold contract was down US$20.80 at US$1,862.00 an ounce and the July copper contract was down 11 cents at US$4.16 a pound.

This report by The Canadian Press was first published May 9, 2022.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

The Canadian Press



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