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S&P/TSX composite down in late-morning trading, loonie edges higher

TORONTO — Canada’s main stock index posted a triple-digit decline in late-morning trading as the financial and industrial sectors led a broad-based decline, while U.S. stock markets were mixed.

The S&P/TSX composite index was down 169.49 points at 15,664.25.

In New York, the Dow Jones industrial average was down 192.78 points at 27,079.52. The S&P 500 index was down 10.18 points at 3,197.00, while the Nasdaq composite was up 53.67 points at 10,007.42.

The Canadian dollar traded for 74.59 US compared with 74.50 cents US on Tuesday.

The July crude contract was up six cents at US$38.25 per barrel and the July natural gas contract was up nearly two cents at US$1.78 per mmBTU.

The August gold contract was up 20 cents at US$1,722.10 an ounce and the July copper contract was up five cents at US$2.65 a pound.

This report by The Canadian Press was first published June 10, 2020

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/s-p-tsx-composite-down-in-late-morning-trading-loonie-edges-higher-1.4977458

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