Markets update

On the markets at 9:50 a.m. (ET):In Toronto, the S&P/TSX composite index is down 76.58 points to 15,076.54.The Dow Jones industrial average lost 115.54 points to 21,362.63.The Standard & Poor’s 500 index fell 15.35 points to 2,417.19.The Nasdaq composite index shed 54.13 points to 6,096.73.The Canadian dollar was trading at 77.26 cents US, up from Wednesday’s average price of 77.03 cents US.

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