Canada's Main Index Drops, U.S. Markets Follow

0:00It's April 27, Canada news today starts now, AI powered and ready, I'm Cory with the story. Canada's main stock index took a hit today, dropping 124 points to 33,780 in late morning, trading. Base metals and telecom sectors dragged it down the most, while U.S. markets followed suit with similar losses. Over in New York, the Dow fell 194 points to 49,037. The S&P 500 shed 16 points to 7,149, and the NASDAQ dropped 105 points to 24,1731. Traders are feeling the pressure from those key sectors, but it's part of broader market jitters spilling over from the U.S. No major news sparked it. Just steady selling in metals and telecom stocks. On the commodities front, crude oil for June climbed $2.58 to $96.98, a barrel giving some energy players a boost.

1:01Gold futures dipped $52.50 to $4,688 an ounce. The Canadian dollar held steady at 73 cents 43 U.S., barely budging from Friday. Markets stay volatile, so keep watching those sectors for the next move.