North American stock markets dive into tech selloff – Business News

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North American equity markets plunged Thursday, boosted by a sell-off in the overheated tech sector and concerns about the pace of the economic recovery.

The S & P / TSX Composite Index closed 249.07 points lower at 16,448.90.

In New York, the Dow Jones Industrial Average fell 807.77 points to 28,292.73. The S&P 500 Index was down 125.78 points to 3,455.06, while the Nasdaq composite was down 598.34 points or nearly five percent to 11,458.10.

The Canadian dollar traded at 76.20 US cents from 76.53 US cents on Wednesday.

The October crude contract was down 14 cents to US $ 41.37 per barrel and the October natural gas contract was down a tenth of a cent to nearly US $ 2.49 per barrel. mmBTU.

The December gold contract was down US $ 6.90 to US $ 1,937.80 per ounce and the December copper contract was down nearly 4.6 cents to US $ 2.98 per ounce. delivered.

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