S&P/TSX composite down more than 400 points, U.S. stock markets also retreat
Posted June 13, 2022 9:58 am.
Last Updated June 13, 2022 10:03 am.
TORONTO — Canada’s main stock index fell more than 400 points in early trading to drop below the 20,000-mark, while U.S. stock markets also plunged to start the week.
The S&P/TSX composite index was down 445.95 points at 19,828.87.
In New York, the Dow Jones industrial average was down 568.76 points at 30,824.03. The S&P 500 index was down 92.78 per cent at 3,808.08, while the Nasdaq composite was down 321.40 points at 11,018.62,
The Canadian dollar traded for 77.89 cents US compared with 78.27 cents US on Friday.
The July crude contract was down 98 cents at US$119.69 per barrel and the July natural gas contract was up six cents at US$8.91 per mmBTU.
The August gold contract was down US$34.00 at US$1,841.50 an ounce and the July copper contract was down eight cents at US$4.21 a pound.
This report by The Canadian Press was first published June 13, 2022.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)
The Canadian Press
