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S&P/TSX composite down as telecom stocks fall, U.S. stock markets higher

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TORONTO — Canada's main stock index fell in late-afternoon trading, weighed down by losses in the telecom sector, while U.S. stock markets climbed higher.

TORONTO — Canada's main stock index fell in late-afternoon trading, weighed down by losses in the telecom sector, while U.S. stock markets climbed higher.In New York, the Dow Jones industrial average was up 15.45 points at 39,184.97. The S&P 500 index was up 9.28 points at 5,484.37, while the Nasdaq composite was up 60.07 points at 17,939.37.The August crude oil contract was down 14 cents at US$83.24 per barrel and the August natural gas contract was down five cents at US$2.42 per mmBTU.

-- Tesla Inc. is expected to report another quarter of weaker sales, and it’s running out of alibis.Most Read from BloombergBlackRock Buys Preqin for $3.

The top 10 companies in the S&P 500 account for 35% of the index's market value but only 23% of its earnings, according to Apollo Global Management chief economist Torsten Sløk.When it comes to living expenses, the truth is that most Americans subsist on a very thin margin, even if their earnings are solid. With increased costs due to inflation, this has only gotten worse....Shareholders' vote against a plan for an independent board chair leaves Benioff in the seat.

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