Financial sector weighs on Toronto stock market, U.S. markets in the red

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TORONTO — Canada’s main stock index was in the red in late-morning trading, hurt by losses in the financial sector.

The S&P/TSX composite index was down 21.53 points to 15,994.61, after 90 minutes of trading.

In New York, the Dow Jones industrial average was down 246.81 points to 24,506.28. The S&P 500 index was down 20.89 points to 2,700.44 and the Nasdaq composite index was down 18.34 points to 7,415.51.

The Canadian dollar was trading at 76.85 cents US, down from an average value of 76.92 cents US on Monday.

The July crude contract was down US$1.06 to US$66.82 per barrel and the July natural gas contract was down eight cents to US$2.88 per mmBTU.

The June gold contract was down US$1.60 to US$1,302.10 an ounce and the July copper contract was unchanged at US$3.08 a pound.

The Canadian Press