TSX recap: Broad weakness has Index down 1.15%

Canada's main stock index lost more than one per cent on Wednesday in a broad-based slump and U.S. markets also fell, as stocks took a dramatic turn in the later half of the afternoon.

The S&P/TSX Composite Index closed down 238.82 points, or 1.15 per cent, at 20,600.81.

In New York, the Dow Jones Industrial Average was down 475.92 points at 37,082.00. The S&P 500 Index was down 70.02 points at 4,698.35, while the Nasdaq Composite was down 225.28 points at 14,777.94.

The Canadian dollar traded for 75.01 cents U.S. compared with 74.94 cents U.S. on Tuesday.