S&P/TSX composite falls to 3-month low on economic growth concerns

TORONTO – Canada’s main stock index lost more than 300 points as a massive slump in the technology sector sent the index to a three-month low on worries about slowing global economic growth.

The S&P/TSX composite index closed down 321.08 points, or 1.5%, at 20,690.81.

In New York, the Dow Jones Industrial Average fell 809.28 points to 33,240.18. The S&P 500 index fell 120.92 points to 4,175.20, while the Nasdaq composite fell 514.11 points, or nearly 4%, to 12,490.74.

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The Canadian dollar traded for 78.14 US cents versus 78.38 US cents on Monday.

The June crude oil contract was up $3.16 at $101.70 a barrel and the June natural gas contract was up 17.3 cents at $6.98/mmBTU.

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The gold contract for June delivery was up $8.10 at $1,904.10 an ounce and the July contract was down less than 1 cent at $4.46 a pound.

Click to play video: 'Global Morning Market and Business Report - April 26, 2022'

Morning Global Market and Business Report – April 26, 2022

Morning Global Market and Business Report – April 26, 2022

© 2022 Canadian Press

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