North American Stock Indices Decline Over Two Trading Days
The S&P/TSX Composite Index and major U.S. indices closed lower on September 29 and October 1, driven by energy, metal, and financial losses.
North American equity markets experienced a downward trend between September 29 and October 1, 2026. On Tuesday, September 29, the S&P/TSX Composite Index declined by 29.59 points to 35,460.27, a drop primarily attributed to losses in the energy sector. During the same session, U.S. markets closed lower, with the Dow Jones Industrial Average dropping 131.59 points, the S&P 500 falling 12.85 points, and the Nasdaq Composite decreasing 22.84 points.
Market volatility continued into October 1, as the S&P/TSX Composite Index fell more sharply by 212.23 points to 35,023.64. This second decline was driven by losses in the financial and base metal sectors. U.S. indices followed a similar trajectory, with the Dow Jones Industrial Average dropping 265.60 points, the S&P 500 falling 15.36 points, and the Nasdaq Composite decreasing 38.32 points.
Commodity prices fluctuated during this period. Crude oil fell to US$89.38 per barrel on September 29 before rising to US$92.56 per barrel by October 1. Gold rose to US$4,179.70 an ounce on Tuesday and remained relatively stable, ending at US$4,183.00 on Thursday. The Canadian dollar weakened over the two days, sliding from 70.58 cents US on Monday to 70.19 cents US by October 1.
