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S&P/TSX composite and U.S. markets down amid drop in industrials, telecoms

Industrials and telecommunications pushed Canada’s main stock index down in late-morning trading as U.S. markets also fell.

The S&P/TSX composite index was down 182.50 points at 21,787.61.

In New York, the Dow Jones industrial average was down 87.63 points at 38,955.69. The S&P 500 index was down 13.97 points at 5,151.34, while the Nasdaq composite was down 30.20 points at 16,147.56.

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The Canadian dollar traded for 73.90 cents US compared with 74.23 cents US on Wednesday.

The April crude oil contract was up US$1.16 at US$80.88 per barrel and the April natural gas contract was up three cents at US$1.68 per mmBTU.

The April gold contract was down US$18.10 at US$2,162.70 an ounce and the May copper contract was down almost four cents at US$4.23 a pound.

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