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Canadian and US markets drop Wednesday after 2 days of optimism


Markets in Canada and the US fell slightly on Wednesday after two days of optimism at the start of the fourth quarter, as virtually everything other than oil reversed early week gains.

S&P /TSX The composite index fell 135.90 points to 19,235.09 after gaining nearly 500 points on Tuesday.

In New York, the Dow Jones Industrial Average fell 42.45 points to 30,273.87. The S&P 500 fell 7.65 points to 3,783.28, while the Nasdaq composite fell 27.77 points to 11,148.64

The Canadian dollar traded for 73.31 US cents versus 73.67 US cents on Tuesday.

The November crude contract was up $1.24 at $87.76 a barrel and the November natural gas contract was up 9 cents at $6.93 per mmBTU.

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The gold contract for December delivery was down $9.70 at $1,720.80 an ounce and the December contract was up 1 cent at $3.50 a pound.

© 2022 Canadian Press

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