S&P/TSX composite down almost 300 points, U.S. stock markets also drop

TORONTO — Canada's main stock index lost almost 300 points Tuesday in a broad-based decline led by energy and base metals, while U.S. markets also slid ahead of the central bank's upcoming interest rate decision.

The S&P/TSX composite index closed down 297.08 points at 21,714.54.

In New York, the Dow Jones industrial average was down 570.17 points at 37,815.92. The S&P 500 index was down 80.48 points at 5,035.69, while the Nasdaq composite was down 325.26 points at 15,657.82.

The Canadian dollar traded for 72.75 cents UScompared with 73.22 cents US on Monday.

The June crude contract was down 70 cents at US$81.93 per barrel and the June natural gas contract was down four cents at US$1.99 per 1,000 cubic feet.

The June gold contract was down US$54.80 at US$2,302.90 an ounce and the July copper contract was down 12 cents at US$4.56 a pound.

This report by The Canadian Press was first published April 30, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press