S&P/TSX composite down nearly 700 points, U.S. stock markets also fall
Canada's main stock index, the S&P/TSX composite, fell nearly 700 points in late-morning trading, driven by losses in technology and base metal sectors, while U.S. stock markets also experienced declines. The index closed at 35,563.50. In New York, the Dow Jones industrial average dropped 329.05 points to 52,013.51, the S&P 500 fell 109.75 points to 7,610.64, and the Nasdaq composite decreased 593.97 points to 25,590.75.
The Canadian dollar traded at 71.66 cents US against 71.51 cents US on Thursday. Meanwhile, December crude oil rose by $2.02 to $104.02 per barrel, and December gold fell by $110.80 to $3,920.60 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.
