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

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S&P/TSX composite down nearly 300 points, U.S. stock markets also down
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TORONTO — Canada's main stock index was down nearly 300 points in a broad-based decline, while U.S. stock markets also fell in late-morning trading.

TORONTO — Canada's main stock index was down nearly 300 points in a broad-based decline, while U.S. stock markets also fell in late-morning trading.In New York, the Dow Jones industrial average was down 349.27 points at 38,503.59. The S&P 500 index was down 30.62 points at 5,275.42, while the Nasdaq composite was down 61.42 points at 16,958.46.The July crude contract was down 27 cents at US$79.56 per barrel and the July natural gas contract was down 13 cents at US$2.70 per mmBTU.

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The flagship ARKK ETF is holding onto three stocks that are down more than 90% since Cathie Wood's initial purchase.

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