Canada's main stock index fell on Monday, as a decline in oil prices dragged down energy shares, along with a drop in health-care stocks.
The S&P/TSX Composite Index slid 58.54 points to greet noon at 15,096.96
The Canadian dollar dipped 0.23 cents at 75.84 U.S.
Aphria plunged 45 cents, or 3.6%, to $12.24, followed by Canopy Growth, down $3.28, or 7.1%, to $43.04.
In a bright spot, Bombardier surged 35 cents, or 20.7%, to $2.02, the most on the TSX, after the company received a contract for its double-deck trains worth $291 million.
Barrick Gold, soon to become the world's largest bullion miner, was up 24 cents, or 1.4%, to $17.39, after the company announced on Friday it interested in adding more copper assets as long as the red metal is accompanied by bullion.
ON BAYSTREET
The TSX Venture Exchange slumped 4.71 points, to 619.79
All but three of the 12 subgroups were lower, with health-care tottering 4%, information technology down 2.9%, and energy subsiding 1%
The three gainers were gold, up 1.2%, industrials, advancing 0.4%, and materials, inching up 0.02%.
ON WALLSTREET
Stocks dropped sharply on Monday as some of the largest technology shares pressured the broader market.
The Dow Jones Industrial Average was wounded 450.15 points, or 1.8%, to 24,963.07, led by a decline in Apple.
The S&P 500 moved backward 47.63 points, or 1.7%, to 2,688.64, as the technology sector pulled back 3.5%.
The NASDAQ withered 200.29 points, or 2.8%, to 7,047.58, as Amazon dropped 4.2%.
Apple led tech shares lower after The Wall Street Journal reported the company has cut production orders for the new iPhones unveiled earlier this year. The company's stock fell more than 3.5% and fell back into a bear market, down 20% from its 52-week high.
Another WSJ report said Facebook CEO Mark Zuckerberg has adopted a more aggressive managerial style. The Journal said Zuckerberg told 50 of his top executives earlier in 2018 that the company is at war as it receives pressure from lawmakers, investors and users.
This report comes after backlash from a New York Times article detailing how Facebook ignored and then tried to hide that Russia used the platform to disrupt the U.S. election in 2016. Facebook shares fell 5.4% on Monday.
Tech shares also fell after media reports of Chinese allegations of "massive evidence" of anti-trust violations by Samsung, SK Hynix and Micron Technology. The report also said China would deepen its investigation into the three companies, which are the largest memory-chip manufacturers in the world.
Micron fell 4% while Advanced Micro Devices dropped 4.9%. Shares of Netflix lost 4.1%, and Alphabet dropped 2.2%, respectively.
The technology sector was the best performer in the S&P 500 last year and is the second-best performer for 2018. However, tech is down more than 10% from its 52-week high, which was reached earlier this year.
Stocks also declined on Monday after Vice President Mike Pence said in a speech Sunday that there would be no end to U.S. charges on $250 billion worth of Chinese goods unless Beijing changed its ways. His comments came at an APEC meeting in Papua New Guinea.
Pence's comments also follow President Donald Trump saying last week he may not impose further tariffs on Chinese goods.
China and the U.S. have been in a trade spat for most of the year. The world's largest economies have slapped tariffs on billions of dollars worth of each other's goods. This has raised concern among global investors that the world economy could slow down amid tighter trading conditions.
Prices for the benchmark for the 10-year U.S. Treasury were static, keeping yields at Friday’s 3.07%.
Oil prices faded 21 cents to $56.25 U.S. a barrel.
Gold prices were static at $1,223 U.S. an ounce.
