North American stock markets fall on increased pessimism about U.S.-China trade

S&P/TSX composite index closed down 127.80 points on Tuesday

North American stocks were lower after the blacklisting of some Chinese technology companies by the U.S. raised investor pessimism ahead of trade talks this week.

The S&P/TSX composite index closed down 127.80 points at 16,293.95.

In New York, the Dow Jones industrial average was down 313.98 points at 26,164.04. The S&P 500 index was down 45.73 points at 2,893.06, while the Nasdaq composite was down 132.52 points at 7,823.78.

The Canadian dollar traded for an average of US75.06¢ compared with an average of US75.15¢ on Monday.

The November crude contract was down US12¢ at US$52.63 per barrel and the November natural gas contract was down US1.5¢ at US$2.29 per mmBTU.

The December gold contract was down US50¢ at US$1,503.90 an ounce and the December copper contract was down US0.85¢ at US$2.57 a pound.