S&P/TSX composite down nearly 400 points, U.S. stock markets also lower
Canada's main stock index, the S&P/TSX composite, fell nearly 400 points in late-morning trading. The decline was driven by losses in the industrial, technology and base metal sectors. Higher oil prices supported energy stocks. At the close of trading, the S&P/TSX composite stood at 35,891.15 points. In New York, the Dow Jones industrial average slipped 218.27 points to 52,967.63.
The S&P 500 index also declined by 37.12 points to 7,649.02, while the Nasdaq composite dropped 203.22 points to 26,167.67. The Canadian dollar was trading at 71.91 cents US versus 72.12 cents US on Monday. The October crude oil contract was up $2.27 to $88.03 per barrel, while the December gold contract fell $65.20 to $4,416.30 per 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.
