S&P/TSX composite closes down Friday along with U.S. markets

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The Canadian Press,Nasdaq Composite

TORONTO — Canada's main stock index closed lower Friday on broad-based losses, while U.S. stock markets also closed down despite earlier gains.

TORONTO — Canada's main stock index closed lower Friday on broad-based losses, while U.S. stock markets also closed down despite earlier gains.In New York, the Dow Jones industrial average was down 45.20 points at 39,118.86. The S&P 500 index was down 22.39 points at 5,460.48, while the Nasdaq composite was down 126.08 points at 17,732.60.The August crude oil contract was down 20 cents at US$81.54 per barrel and the August natural gas contract was down eight cents at US$2.60 per mmBTU.

President Joe Biden at times struggled to convey his thoughts during his 90-minute debate with former President Donald Trump on CNN Thursday. He has stuttered all his life. For some commentators on social media, Biden’s stutter means he is feeble. It means he’s unfit.Rosenblatt Securities has downgraded Alphabet's stock to Neutral from Buy and trimmed its price target. The firm cites transitional risks and increasing competition as key factors in its decision.

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S&P/TSX composite gains almost 200 points, U.S. markets mixedTORONTO — Canada's main stock index gained almost 200 points Friday, while U.S. markets were mixed.
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