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S&P/TSX composite down in late-morning trading, U.S. stock markets also down

Canada’s main stock index was down in late-morning trading as the energy and telecommunication stocks fell, while U.S. stock markets also moved lower.

The S&P/TSX composite index was down 17.35 points at 21,535.00.

In New York, the Dow Jones industrial average was down 124.74 points at 38,962.64. The S&P 500 index was down 5.38 points at 5,131.70, while the Nasdaq composite was down 31.48 points at 16,243.46.

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The Canadian dollar traded for 73.75 cents US compared with 73.72 cents US on Friday.

The April crude oil contract was down 49 cents at US$79.48 per barrel and the April natural gas contract was up 15 cents at US$1.99 per mmBTU.

The April gold contract was up US$21.50 at US$2,117.20 an ounce and the May copper contract was up a penny at US$3.88 a pound.

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