S&P/TSX composite drifts lower Wednesday, U.S. markets also down

A sign board displays the TSX level outside the Richmond Adelaide Centre in the financial district in Toronto on Wednesday, September 29, 2021. THE CANADIAN PRESS/Evan Buhler. EEB

Losses in tech, utilities and industrials weighed down gains in some of the other sectors on Canada’s main stock index Wednesday, while U.S. markets were also down.

The S&P/TSX composite index was down 45.46 points at 20,679.54.

Read more: S&P/TSX composite up 100 points, U.S. markets post gains after Federal Reserve speech

In New York, the Dow Jones industrial average was down 207.68 points at 33,949.01. The S&P 500 index was down 46.14 points, or 1.1 per cent, at 4,117.86,while the Nasdaq composite was down 203.27 points, or 1.7 per cent, at 11,910.52.

The Canadian dollar traded for 74.47 cents US compared with 74.43 cents US on Tuesday.

The March crude contract was up US$1.33 cents at US$78.47 per barrel and the March natural gas contract was down 19 cents at US$2.40 per mmBTU.

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The April gold contract was up US$5.90 at US$1,890.70 an ounce and the March copper contract was down five cents at US$4.04 a pound.

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