S&P/TSX composite down nearly 400 points, U.S. stock markets also lower

TORONTO –

Canada’s principal inventory index was down almost 400 factors in a broad-based decline in late-morning buying and selling, whereas U.S. inventory markets additionally fell a day after the U.S. Federal Reserve raised its key rate of interest and mentioned it anticipated charges nonetheless wanted to go larger.

The S&P/TSX composite index was down 378.05 factors at 19,513.60.

In New York, the Dow Jones industrial common was down 743.70 factors at 33,222.65. The S&P 500 index was down 97.99 factors at 3,897.33, whereas the Nasdaq composite was down 325.12 factors at 10,845.77.

The Canadian greenback traded for 73.34 cents US in contrast with 73.74 cents US on Wednesday.

The January crude oil contract was down 80 cents at US$76.48 per barrel and the January pure gasoline contract was up 17 cents at US$6.60 per mmBTU.

The February gold contract was down US$30.40 at US$1,788.30 an oz. and the March copper contract was down seven cents at US$3.80 a pound.

This report by The Canadian Press was first revealed Dec. 15, 2022