TORONTO — Stock markets fell on Wednesday after U.S. President Donald Trump said the ceasefire with Iran was over, sending oil prices higher.
“At the end of the day, Middle East risk is back into markets … and the transmission mechanism into markets is via the price of oil,” said Anish Chopra, managing director with Portfolio Management Corp.
The S&P/TSX composite index was down 336.79 points at 34,935.80.
In New York, the Dow Jones industrial average was down 576.76 points at 52,348.39. The S&P 500 index was down 21.14 points at 7,482.71, while the Nasdaq composite was up 51.96 points at 25,870.65.
The S&P 500 fell as
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