Canada Markets closed
  • S&P/TSX

    20,621.39
    -436.79 (-2.07%)
     
  • S&P 500

    4,397.94
    -84.79 (-1.89%)
     
  • DOW

    34,265.37
    -450.02 (-1.30%)
     
  • CAD/USD

    0.7947
    -0.0052 (-0.6525%)
     
  • CRUDE OIL

    84.78
    -0.77 (-0.90%)
     
  • BTC-CAD

    47,436.16
    -6,163.10 (-11.50%)
     
  • CMC Crypto 200

    880.18
    +637.51 (+262.69%)
     
  • GOLD FUTURES

    1,831.40
    -11.20 (-0.61%)
     
  • RUSSELL 2000

    1,987.92
    -36.12 (-1.78%)
     
  • 10-Yr Bond

    1.7470
    -0.0860 (-4.69%)
     
  • NASDAQ

    13,768.92
    -385.10 (-2.72%)
     
  • VOLATILITY

    28.85
    +3.26 (+12.74%)
     
  • FTSE

    7,494.13
    -90.88 (-1.20%)
     
  • NIKKEI 225

    27,522.26
    -250.64 (-0.90%)
     
  • CAD/EUR

    0.7004
    -0.0063 (-0.89%)
     

S&P/TSX composite falls on slump in technology, commodity sectors

·1 min read

TORONTO — North American stock markets moved lower as the technology sector was hurt by comments from the dovish Federal Reserve's vice chair nominee that interest rates have to increase soon to fight inflation.

The S&P/TSX composite index closed down 102.04 points to 21,292.96.

In New York, the Dow Jones industrial average was down 176.70 points at 36,113.62. The S&P 500 index was down 67.32 points at 4,659.03, while the Nasdaq composite was down 381.58 points at 14,806.81.

The Canadian dollar traded for 80.10 cents US compared with 79.94 cents US on Wednesday.

The February crude oil contract was down 52 cents at US$82.12 per barrel and the February natural gas contract was down 58.7 cents at US$4.27 per mmBTU.

The February gold contract was down US$5.90 at US$1,821.40 an ounce and the March copper contract was down 3.1 cents at nearly US$4.55 a pound.

This report by The Canadian Press was first published Jan. 13, 2022.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X).33

The Canadian Press

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting