North American stocks fall at the start of trading, oil continues plunge

North American stocks fall at the start of trading, oil continues plunge
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TORONTO — North American stock markets plunged at the start of trading as the price of oil continued to fall.

The S&P/TSX composite index was down 230.45 points at 14,157.83.

In New York, the Dow Jones industrial average was down 552.11 points at 23,098.33. The S&P 500 index was down 54.25 points at 2,768.91, while the Nasdaq composite was down 128.54 points at 8,432.19.

The Canadian dollar traded for 70.30 cents US compared with an average of 70.99 cents US on Monday.

The June crude contract was down US$6.08 at US$14.35 per barrel. The May contract, which crossed into negative territory on Monday, began the day down but moved up to $1.75.

The May natural gas contract was down nearly two cents at nearly US$1.91 per mmBTU.

The June gold contract was down US$38.50 at US$1,672.70 an ounce and the May copper contract was down nearly 16 cents at US$2.16 a pound.

This report by The Canadian Press was first published April 21, 2020.

 

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

 

The Canadian Press

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