Toronto stock in­dex plunges

Cape Breton Post - - BUSINESS -

TORONTO — Canada’s largest stock in­dex nose-dived Tues­day and U.S. stocks slumped as the price of oil saw its big­gest sin­gle­day drop since Oc­to­ber.

The S&P/TSX com­pos­ite in­dex was down 113.13 points to 15,913.13, with the en­ergy sec­tor lead­ing the broad-based de­cline. The De­cem­ber crude con­tract fell US$1.06 to US$55.70 per bar­rel. In New York, the Dow Jones in­dus­trial av­er­age was down 30.23 points to 23,409.47. The S&P 500 in­dex edged back 5.97 points to 2,578.87 and the Nas­daq com­pos­ite in­dex lost 19.73 points to 6,737.87.

The Cana­dian Press

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