S&P/TSX composite down more than 300 points in morning trading, U.S. stocks also fall

TORONTO –

Canada’s most important inventory index fell in late-morning buying and selling on Wednesday on broad-based losses as U.S. markets have been additionally in decline.

The S&P/TSX composite index was down 384.02 factors at 20,148.91.

In New York, the Dow Jones industrial common was down 288.59 factors at 35,342.09. The S&P 500 index was down 59.25 factors at 4,517.48, whereas the Nasdaq composite was down 290.49 factors at 13,993.42.

The Canadian greenback traded for 74.95 cents US in contrast with 75.24 cents US on Tuesday.

The September crude oil contract was down US$1.78 at US$79.59 per barrel and the September pure fuel contract was down 9 cents at US$2.47 per mmBTU.

The December gold contract was down US$7.60 at US$1971.20 an oz. and the September copper contract was down six cents at US$3.85 a pound.