TORONTO – Stock markets in Canada and the U.S. were down in late-morning trading after the performance of Chinese artificial intelligence startup DeepSeek rattled technology stocks.
The S&P/TSX composite index was down 229.55 points at 25,238.94.
In New York, the Dow Jones industrial average was down 60.84 points at 44,363.41. The S&P 500 index was down 111.16 points at 5,990.08, while the Nasdaq composite was down 605.89 points at 19,348.41.
The Canadian dollar traded for 69.53 cents US compared with 69.75 cents US on Friday.
The March crude oil contract was down US$1.37 at US$73.29 per barrel and the March natural gas contract was down 21 cents at US$3.24 per mmBTU.
The February gold contract was down US$35.20 at US$2,743.70 an ounce and the March copper contract was down seven cents at US$4.25 a pound.
— With files from The Associated Press
This report by The Canadian Press was first published Jan. 27, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
