TORONTO – Losses in the base metals sector led Canada’s main stock index lower on Thursday, while U.S. stock markets also fell.
The S&P/TSX composite index closed down 124.41 points at 22,726.76.
In New York, the Dow Jones industrial average was down 533.06 points at 40,665.02.The S&P 500 index was down 43.68 points at 5,544.59, while the Nasdaq composite was down 125.70 points at 17,871.22.
Uncertainty over the looming U.S. election is weighing on investors, said Philip Petursson, chief investment strategist at IG Wealth Management.
“I think the election is casting some uncertainty. The fundamentals are not heading in the right direction. And the market is kind of digesting all of that at once,” he said.
That election uneasiness is particularly affecting the tech sector, added Petursson,…
