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North American stocks were lower after the blacklisting of some Chinese technology companies by the U.S. raised investor pessimism ahead of trade talks this week.

The S&P/TSX composite index closed down 127.80 points at 16,293.95.

In New York, the Dow Jones industrial average was down 313.98 points at 26,164.04. The S&P 500 index was down 45.73 points at 2,893.06, while the Nasdaq composite was down 132.52 points at 7,823.78.

The Canadian dollar traded for an average of US75.06¢ compared with an average of US75.15¢ on Monday.

The November crude contract was down US12¢ at US$52.63 per barrel and the November natural gas contract was down US1.5¢ at US$2.29 per mmBTU.

The December gold contract was down US50¢ at US$1,503.90 an ounce and the December copper contract was down US0.85¢ at US$2.57 a pound.