Stock market sell-off continues amid recession fears, slumping commodity prices

The Canadian Press
Stock market sell-off continues amid recession fears, slumping commodity prices

TORONTO — North American stock markets extended their broad-based sell-off into a fifth straight day Thursday, as recessionary fears mounted and global commodity prices slumped.

The S&P/TSX composite index was down 188.09 points at 19,142.72.

In New York, the Dow Jones industrial average was up 145.99 points at 31,656.42. The S&P 500 index was up 11.85 points at 3,966.85, while the Nasdaq composite was down 31.08 points at 11,785.13.

The Canadian dollar traded for 75.95 cents US compared with 76.27 cents US on Wednesday.

The October crude contract was down US$2.94 at US$86.61 per barrel and the October natural gas contract was up 14 cents at US$9.26 per mmBTU.

The December gold contract was down US$16.90 at US$1,709.30 an ounce and the December copper contract was down 11 cents at US$3.41 a pound.

This report by The Canadian Press was first published Sept. 1, 2022.

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

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