S&P/TSX composite down more than 300 points, U.S. stock markets also fall
The S&P/TSX composite index in Canada dropped more than 300 points by late-morning trading, with losses in base metals, technology, and financial sectors contributing to the decline. U.S. stock markets also experienced a fall on the same day. The S&P/TSX composite index closed at 36,363.00 points, while the Dow Jones industrial average in New York fell by 137.41 points to 53,322.37.
The S&P 500 index decreased by 49.70 points to 7,695.36, and the Nasdaq composite dropped by 340.47 points to 26,304.44. The Canadian dollar was valued at 71.99 cents US, up from 72.12 cents US the previous day. Meanwhile, crude oil prices were up 45 cents at 84.19 US dollars per barrel, and gold prices fell by 50.90 US dollars to 4,422.80 an ounce.
Written by urgent.news from Winnipeg Free Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
