The Globe and Mail reports in its Friday, Feb. 13, edition that Canada's main stock index dropped sharply on Thursday due to concerns over artificial intelligence disruption and fewer expected Federal Reserve interest-rate cuts, with industrial and metal mining shares leading the declines. Dispatches to The Globe from Reuters and the Associated Press report that the S&P/TSX Composite Index ended down 788.91 points, or 2.4 per cent, at 32,465.28, marking its second straight day of losses after posting a record closing high on Tuesday. Some of the optimism associated with stronger-than-expected U.S. employment data on Wednesday faded. "With that kind of a positive reading, it's caused people to contemplate that [interest] rate cuts are not imminent just at this point in time," said Sprung Investment's Michael Sprung. Shares of Mullen Group tumbled 8.9 per cent after the logistics company missed quarterly earnings estimates. That weighed on the industrials sector, which lost 4 per cent. Technology fell 3.7 per cent in Toronto, with shares of e-commerce company Shopify ending 6.1 per cent lower. Heavily weighted financials were down 0.9 per cent. Defensive sectors helped limit overall declines, with utilities and consumer staples posting gains amid falling bond yields.