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A man walks past a bank's electronic board showing the Hong Kong share index in Hong Kong Wednesday, Aug. 8, 2018. (AP Photo/Vincent Yu)

Financial sector weighs on S&P/TSX composite, U.S. stock markets down

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TORONTO -- Losses in the financial sector helped weigh down Canada's main stock index in late-morning trading as it posted a triple-digit decline, while U.S. stock markets also moved lower.

The S&P/TSX composite index was down 100.55 points at 15,162.18.

In New York, the Dow Jones industrial average was down 189.36 points at 25,211.28. The S&P 500 index was down 15.24 points at 3,014.49, while the Nasdaq composite was down 5.51 points at 9,363.48.

The Canadian dollar traded for 72.35 cents US compared with 72.65 cents US on Thursday.

The July crude contract was down 14 cents at US$33.57 per barrel and the July natural gas contract was down nearly six cents at US$1.77 per mmBTU.

The August gold contract was up US$19.70 at US$1,748.00 an ounce and the July copper contract was down almost a penny at just under US$2.41 a pound.

This report by The Canadian Press was first published May 29, 2020