Markets update

On the markets at 9:50 a.m. (ET):In Toronto, the S&P/TSX composite index is down 150.54 points to 15,205.04.The Dow Jones industrial average lost 11.09 points to 21,443.52.The Standard & Poor’s 500 index shed 6.02 points to 2,434.67.The Nasdaq composite index dropped 48.86 points to 6,185.55.The Canadian dollar was trading at 76.80 cents US, up from Wednesday’s average price of 76.57 cents US.