S&P/TSX composite closes down more than 3% as commodities drop, U.S. markets down

Monday’s market drop, which included similar declines in U.S.

down 7.17 per cent, to leave the overall energy subindex down 7.06 per cent.

In New York, the Dow Jones industrial average ended down 653.67 points at 32,245.70. The S&P 500 index was down 132.10 points, or 3.20 per cent, at 3,991.24, while the Nasdaq composite was down 521.41 points, or 4.29 per cent, at 11,623.25.

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