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

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S&P/TSX composite down almost 300 points, U.S. stock markets also move lower
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TORONTO — Canada's main stock index fell 1.3 per cent Tuesday in a broad-based decline after the latest inflation print came in higher than expected, while U.S. stock markets also moved lower. The S&P/TSX composite index closed down 273.

TORONTO — Canada's main stock index fell 1.3 per cent Tuesday in a broad-based decline after the latest inflation print came in higher than expected, while U.S. stock markets also moved lower.In New York, the Dow Jones industrial average was down 106.57 points at 34,517.73. The S&P 500 index was down 9.58 points at 4,443.95, while the Nasdaq composite was down 32.05 points at 13,678.19.The November crude contract was down 10 cents at US$90.

The December gold contract was up 30 cents at US$1,953.70 an ounceand the December copper contract was down three cents at US$3.75 a pound.The Canadian Press

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