(RTTNews) - With several stocks from across various sectors reeling under sustained selling pressure, the Canadian market looks headed for a very weak close on Thursday. Disappointing earnings updates from U.S. tech majors Microsoft Inc., and Meta Platforms, anxiety ahead of U.S. presidential election and the Federal Reserve's monetary policy meeting, and weak commodity prices are weighing on the Canadian market. The benchmark S&P/TSX Composite Index, which dropped to 24,098.49 earlier in the session, was down 312.46 points or 1.27% at 24,195.33 a little while ago. With technology stocks declining sharply, the Information Technology Capped Index is down nearly 3%. The Materials Capped Index and the Energy Capped Index are down 2.5% and 1.
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