P Index: Points and P Tsx

p index: Aaron Vincent Elkaim / THE CANADIAN PRESS In New York, the Dow Jones industrial average was down 190.44 points at 26,150.58, according to The Toronto Star. The S&P 500 index was down 17.57 points at 2,878.20, while the Nasdaq composite was down 44.61 points at 7,909.28. The S&P/TSX composite index closed down 70.84 points to 16,336.45, a day after rising to within one percentage point of an all-time high.A Toronto Stock Exchange ticker is seen at The Exchange Tower in Toronto on Thursday, August 18, 2011. North American markets were pressured by news that the IMF has lowered its world growth assumption to 3.3 per cent in 2019, down from an earlier forecast of 3.5 per cent growth.IMF economists downgraded their outlook for U.S. growth to 2.3 per cent from 2.9 per cent in 2018 and lowered Canada's outlook to 1.5 per cent from its prior guidance of 1.9 per cent. The potential remains for sharp deterioration in market sentiment, which would imply portfolio reallocations away from risk assets, wider spreads over safe haven securities, and generally tighter financial conditions, especially for vulnerable economies, said the report. Article Continued BelowA further escalation of trade tensions and a no-deal Brexit withdrawal of Britain from the European Union could further weaken growth, the IMF warned. (news.financializer.com). As reported in the news.