S&P/TSX composite down nearly 300 points, U.S. stock markets also tumble


TORONTO — Canada’s main stock index was down nearly 300 points as losses in the technology and financial sectors led a broad-based decline, while U.S. stock markets also tumbled lower after the latest reading on U.S. inflation disappointed traders.

The S&P/TSX composite index was down 285.65 points at 19,701.58.

In New York, the Dow Jones industrial average was down 880.39 points at 31,500.95. The S&P 500 index was down 128.94 points at 3,981.47, while the Nasdaq composite was down 502.04 points at 11,764.37.

The Canadian dollar traded for 76.23 cents US compared with 77.04 cents US on Monday.

The October crude contract was down US$1.00 at US$86.78 per barrel and the October natural gas contract was up three cents at US$8.28 per mmBTU.

The December gold contract was down US$24.30 at US$1,716.30 an ounce and the December copper contract was down five cents at US$3.56 a pound.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)



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