Home Business North American markets decline; tech, crypto stocks drop sharply | national company

North American markets decline; tech, crypto stocks drop sharply | national company

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North American markets decline;  tech, crypto stocks drop sharply |  national company

TORONTO — Canada’s main stock index fell on Friday, part of a broad-based pullback that also affected U.S. markets and led to steep losses in tech and cryptocurrency stocks.

The S&P/TSX Composite Index lost 153.99 points to 20,111.38.

In New York, the Dow Jones Industrial Average was down 292.30 points to 33,706.74. The S&P 500 index fell 55.26 points to 4,228.48, while the Nasdaq composite fell 260.12 points to 12,705.22.

The Canadian dollar was trading at 76.98 cents US against 77.35 cents US on Thursday.

The October crude oil contract rose 33 cents to US$90.44 per barrel and the September natural gas contract rose 15 cents to US$9.34 per mmBTU.

The December gold contract was down US$8.30 at US$1,762.90 an ounce and the September copper contract was up three cents at US$3.66 per pound.

This report from The Canadian Press was first published on August 19, 2022.

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

The Canadian Press. All rights reserved.

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