A U.S. flag hangs in the background at the corner of Wall and Broad Streets in the heart of the Financial District in New York City, Tuesday, Aug. 1, 2023. THE CANADIAN PRESS/AP-J. David Ake
TORONTO – Canada’s main stock index fell almost 400 points, or nearly two per cent, Tuesday on broad-based weakness, while U.S. markets also fell, with the three major indexes south of the border each losing more than one per cent.
The S&P/TSX composite index closed down 390.75 points at 19,899.79.
In New York, the Dow Jones industrial average was down 361.24 points at 34,946.39. The S&P 500 index was down 51.86 points at 4,437.86,while the Nasdaq composite was down 157.28 points at 13,631.05.
The Canadian dollar traded for 74.17 cents UScompared with 74.29 cents US on Monday.
The September crude contract was down US$1.52 at US$80.99 per barreland the September natural gas contract was down 14 cents at US$2.66 per mmBTU.
The December gold contract was down US$8.80 at US$1,935.20 an ounce and the September copper contract was down six cents at US$3.67 a pound.
This report by The Canadian Press was first published Aug. 15, 2023.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)
