S&P/TSX composite down nearly 300 points, U.S. stock markets also fall

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S&P/TSX composite down nearly 300 points, U.S. stock markets also fall
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TORONTO — Losses in the base metal and technology stocks helped lead a broad-based decline as Canada's main stock index fell nearly 300 points in late-morning trading and U.S. stock markets also tumbled. The S&P/TSX composite index was down 285.

TORONTO — Losses in the base metal and technology stocks helped lead a broad-based decline as Canada's main stock index fell nearly 300 points in late-morning trading and U.S. stock markets also tumbled.In New York, the Dow Jones industrial average was down 190.40 points at 34,250.48. The S&P 500 index was down 46.42 points at 4,355.78, while the Nasdaq composite was down 158.60 points at 13,310.53.The November crude contract was up 69 cents at US$90.

The December gold contract was down US$27.10 at US$1,940.00 an ounce and the December copper contract was down nine cents at US$3.68 a pound.The Canadian Press

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