S&P/TSX composite down over 300 points in morning trade, US stocks also fall IG News

IG News Updates,

Canada’s main stock index fell in broad-based losses in morning trading on Wednesday as US markets also declined.

The S&P/TSX Composite Index was down 384.02 points at 20,148.91.

In New York, the Dow Jones Industrial Average was down 288.59 points at 35,342.09. The S&P 500 index was down 59.25 points at 4,517.48, while the Nasdaq Composite was down 290.49 points at 13,993.42.

The Canadian dollar traded at 74.95 US cents, compared to 75.24 US cents on Tuesday.

The September crude oil contract was down US$1.78 at US$79.59 a barrel, and the September natural gas contract was down nine cents at US$2.47 per mmBtu.

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

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