The Globe and Mail reports in its Friday edition that Canada's main stock index fell sharply on Thursday as investors worried about artificial-intelligence disruption and the potential for fewer U.S. Federal Reserve interest-rate cuts than previously hoped. A Reuters dispatch to The Globe says industrial and metal mining shares led the declines. 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. Canada's heavily weighted financials were down 0.9 per cent. Wall Street's main indexes also lost ground as investors intensified their sell-off of technology shares and fled transport stocks amid worries about AI disruption. Michael Sprung at Sprung Investment Management said investors "are trying to separate what are going to be the artificial-intelligence winners and who are going to be the losers." Some of the optimism associated with stronger-than-expected U.S. employment data on Wednesday faded, meaning interest rate cuts are not imminent. Cisco closed down 12.3 per cent after a shaky quarterly report. The S&P 500 sank 1.6 per cent. The Dow dropped 1.3 per cent and Nasdaq fell 2 per cent.