S&P/TSX composite down more than 150 points, U.S. stock markets also lower
Canada's main stock index, the S&P/TSX composite, experienced a significant decline in late-morning trading, losing more than 150 points. This downturn was primarily attributed to losses in the telecom sector. Simultaneously, U.S. stock markets also saw a decrease in their values.
The S&P/TSX composite index closed at 35,313.21, down by 176.65 points. In contrast, the Dow Jones industrial average in New York fell by 324.52 points, reaching 51,156.99. The S&P 500 index dropped by 21.79 points, settling at 7,661.90, while the Nasdaq composite experienced a loss of 35.18 points, closing at 26,785.20.
The Canadian dollar was trading at 70.46 cents US, slightly lower than the previous trading day's value of 70.58 cents US. Meanwhile, crude oil prices for the November contract decreased by 94 cents US, now at US$91.66 per barrel. The December gold contract saw an increase of US$29.10, now valued at US$4,197.50 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.
