TORONTO –
North American stock markets faded midweek with all three U.S. markets moving into correction territory while crude oil prices continued to rise on mounting tensions in Ukraine.
The S&P/TSX composite index closed down 163.65 points to 20,744.17.
In New York, the Dow Jones industrial average was down 464.85 points at 33,131.76. The S&P 500 index was down 79.26 points at 4,225.50, while the Nasdaq composite was down 344.03 points or 2.6 per cent at 13,037.49.
The Canadian dollar traded for 78.63 cents US compared with 78.47 cents US on Tuesday.
The April crude contract was up 19 cents at US$92.10 per barrel and the April natural gas contract was up 13.2 cents at US$4.59 per mmBTU.
The April gold contract was up US$3 at US$1,910.40 an ounce and the March copper contract was down three 2.7 cents at US$4.48 a pound.
This report by The Canadian Press was first published Feb. 23, 2022.
