TORONTO– Markets on both sides of the boundary dropped greatly Wednesday mid-day after the united state Federal Reserve cut rate of interest and diminished its forecasts for cuts in the brand-new year, with the S&P 500 shedding virtually 3 percent and the TSX down greater than 2 percent.
The S&P/ TSX composite index shut down 562.71 factors at 24,557.
In New York, the Dow Jones commercial standard was down 1,123.03 factors at 42,326.87. The S&P 500 index was down 178.45 factors at 5,872.16, while the Nasdaq compound was down 716.37 factors at 19,392.69.
The Canadian buck traded for 69.72 cents United States compared to 69.91 cents United States on Tuesday.
The February petroleum agreement was up 37 cents at US$ 70.02 per barrel and the January gas agreement was up 6 cents at US$ 3.37 per mmBTU.
The February gold agreement was down US$ 8.70 at US$ 2,653.30 an ounce and the March copper agreement was up a cent at US$ 4.16 an extra pound.
This record by The Canadian Press was very first releasedDec 18, 2024.
Companies in this tale: (TSX: GSPTSE, TSX: CADUSD)
The Canadian Press
