North American markets endure wild ride, bounce back from deep losses

North American markets endure wild ride, bounce back from deep losses
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TORONTO — North American investors endured a wild ride as markets rebounded from deep declines in trading on broad-based weakness led by the energy sector.

The S&P/TSX composite index closed down 66.85 points to 14,728.28 after hitting a triple-digit decline in earlier trading.

In New York, the Dow Jones industrial average was up 34.31 points at 24,423.26. The S&P 500 index was up 4.64 points at 2,637.72, while the Nasdaq composite was up 51.27 points at 7,020.52.

The Canadian dollar traded at an average of 74.74 cents US compared with an average of 75.19 cents US on Friday.

The January crude contract was down US$1.61 at US$51 per barrel and the January natural gas contract was up 5.7 cents at US$4.54 per mmBTU.

The February gold contract was down US$3.20 at US$1,249.40 an ounce and the March copper contract was down 3.95 cents at US$2.72 a pound.

Index and currency in this story: (TSX:GSPTSE, TSX:CADUSD=X)

The Canadian Press

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