TORONTO – North American stock markets tumbled in the close amid lower energy and metal prices and concerns within the pace of China’s growth.
Toronto’s S&P/TSX composite index snapped an eight-day winning streak by ending the day 72.55 points lower at 13,311.05, overwhelmed by metals and mining, energy and gold stocks.
The Canadian dollar lost a lot more than two-thirds of a cent, down 0.78 at 74.54 cents US.
In New York, the Dow Jones industrial average lost 109.85 points at 16,964.10, while the broader S&P 500 index dropped 22.50 points to 1,979.26. The Nasdaq composite gave up 59.43 points at 4,648.82.
The losses on Bay and Wall Streets came as commodities also pulled back.
The April oil contract fell US$1.40 to US$36.50 a barrel. April gold contract dipped $1.10 at US$1,262.90 a troy ounce, while the May agreement for copper declined six cents to US$2.22 a pound. The price of April natural gas gained two cents at US$1.71 per mmBtu.