S&P/TSX composite down nearly 300 points, U.S. stock markets also trade lower | Globalnews.ca

Canada’s most important inventory index fell nearly 300 factors Friday after a shock reversal Thursday, pulled down by losses in vitality and base metals, whereas the U.S. markets fell at a steeper price.

The S&P/TSX composite index was down 287.28 factors at 18,326.35.

In New York, the Dow Jones industrial common was down 403.89 factors at 29,634.83. The S&P 500 index was down 86.84 factors, or greater than two per cent, at 3,583.07, whereas the Nasdaq composite was down 327.76 factors, or greater than three per cent, at 10,321.39.

The Canadian greenback traded for 72.17 cents US in contrast with 72.43 cents US on Thursday.

The November crude contract was down US$3.50 at US$85.61 per barrel and the November pure gasoline contract was down 28.8 cents at US$6.45 per mmBTU.

The December gold contract was down US$28.10 at US$1,648.90 an oz and the December copper contract was down 1.7 cents at US$3.42 a pound.