S&P/TSX composite down more than 700 points, U.S. stock markets also fall

BNN Bloomberg · The Canadian Press · 2026-11-05 21:32 UTC

Canada’s main stock index was down nearly 500 points, weighed down by losses in the technology and base metal sectors, while U.S. stocks also fell.

TORONTO — Canada’s main stock index lost more than 700 points on Thursday, weighed down by losses in the technology sector, while U.S. markets also fell.

The S&P/TSX composite index was down 736.13 points at 35,605.27 a day after stock markets in Canada and the United States posted big gains following the U.S. midterm elections that saw Democrats take control of Congress.

In New York, the Dow Jones industrial average was down 1,833.06 points at 51,523.06. The S&P 500 index was down 334.89 points at 7,353.73, while the Nasdaq composite was down 1,421.52 points at 24,315.00.

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