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S&P/TSX composite down as tech stocks fall, U.S. stock markets also lower

The S&P TSX composite index screen at the TMX Market Centre in downtown Toronto is photographed on Friday, November 11, 2022. THE CANADIAN PRESS/ Tijana Martin. TIJ

TORONTO — Weakness in technology stocks helped lead Canada’s main stock index lower in late-morning trading, while U.S. stock markets also moved lower.

The S&P/TSX composite index was down 27.54 points at 18,920.31.

In New York, the Dow Jones industrial average was down 114.57 points at 32,921.36. The S&P 500 index was down 29.50 points at 4,157.27, while the Nasdaq composite was down 150.07 points at 12,671.15.

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The Canadian dollar traded for 72.34 cents US compared with 72.56 cents US on Wednesday.

The December crude oil contract was down US$1.61 at US$83.78 per barrel and the December natural gas contract was up three cents at US$3.41 per mmBTU.

The December gold contract was down US$5.80 at US$1,989.10 an ounce and the December copper contract was up a penny at US$3.60 a pound.

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