Market news: S&P/TSX composite down as tech stocks fall

BUSINESS

S&P/TSX composite down as tech stocks fall, U.S. stocks mixed

Published Thursday, July 20, 2023 9:35AM EDT Last Updated Thursday, July 20, 2023 12:18PM EDT

A currency trader passes by screens showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between the U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, July 20, 2023. (Ahn Young-joon/AP Photo)

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TORONTO -- Losses in technology stocks helped lead Canada's main stock index lower in late-morning trading, while U.S. stock markets were mixed.

The S&P/TSX composite index was down 57.74 points at 20,433.43.

In New York, the Dow Jones industrial average was up 234.85 points at 35,296.06. The S&P 500 index was down 16.44 points at 4,549.28, while the Nasdaq composite was down 177.37 points at 14,180.65.

The Canadian dollar traded for 75.87 cents US compared with 75.93 cents US on Wednesday.

The September crude oil contract was up 44 cents at US$75.73 per barrel and the August natural gas contract was up 15 cents at 2.76 per mmBTU (million British thermal units).

The August gold contract was down US$8.30 at US$1,972.50 an ounce and the September copper contract was up four cents at US$3.85 a pound.

This report by The Canadian Press was first published July 20, 2023.