TSX recap: Index falls 2.09% on base metal and tech losses

Losses in base metal and technology stocks helped lead a broad-based decline Thursday as Canada's main stock index fell more than two per cent and U.S. stock markets also tumbled.

The S&P/TSX Composite Index closed down 423.07 points at 19,791.62.

In New York, the Dow Jones Industrial Average was down 370.46 points at 34,070.42. The S&P 500 Index was down 72.20 points at 4,330.00, while the Nasdaq Composite was down 245.14 points at 13,223.99.

The Canadian dollar traded for 74.15 cents U.S. compared with 74.50 cents U.S. on Wednesday.