S&P/TSX composite down more than 400 points, U.S. stock markets also tumble

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S&P/TSX composite down more than 400 points, U.S. stock markets also tumble
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TORONTO — Losses in base metal and technology stocks helped lead a broad-based decline Thursday as Canada's main stock index fell more than two per cent and U.S. stock markets also tumbled. The S&P/TSX composite index closed down 423.

TORONTO — Losses in base metal and technology stocks helped lead a broad-based decline Thursday as Canada's main stock index fell more than two per cent and U.S. stock markets also tumbled.In New York, the Dow Jones industrial average was down 370.46 points at 34,070.42.The S&P 500 index was down 72.20 points at 4,330.00,while the Nasdaq composite was down 245.14 points at 13,223.99.The November crude contract was down three cents at US$89.

The December gold contract was down US$27.50 at US$1,939.60 an ounceand the December copper contract was down eight cents at US$3.70 a pound.The Canadian Press

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