S&P/TSX composite down 242 points Wednesday, U.S. markets also fall

TORONTO — Canada's main stock index lost more than one per cent Wednesday amid broad-based losses led by industrials, utilities and base metals, while U.S. markets also fell.In New York, the Dow Jones industrial average was down 332.57 points at 33,665.08.The S&P 500 index was down 58.60 points at 4,314.60, while the Nasdaq composite was down 219.44 points at 13,314.30.The December crude contract was up 18 cents US at US$85.

The December gold contract was up US$1.40 at US$1,935.70 an ounceand the December copper contract was down less than a penny at US$3.58 a pound.The Canadian Press

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