S&P/TSX composite down nearly 300 points, U.S. stock markets also lower
The S&P/TSX composite index experienced a significant decline of nearly 300 points at 36,161.39 in late-morning trading, driven by losses in the base metals sector. Similarly, U.S. stock markets witnessed a drop, with the Dow Jones industrial average falling 360.62 points to 52,029.13, the S&P 500 down 56.01 points to 7,493.93, and the Nasdaq composite down 249.00 points to 25,004.14.
The Canadian dollar weakened to 70.40 cents US from 70.81 cents US on Monday. Meanwhile, crude oil prices for December contracts dropped by US$1.14 to US$85.71 per barrel, and gold prices for December contracts decreased by US$62.00 to US$4,052.50 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.
