North American stock markets reverse from strong morning gains on vaccine hopes

North American stock markets reverse from strong morning gains on vaccine hopes
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TORONTO — North American stock markets plunged after a strong start to the week as Tesla Inc. and big tech company shares reversed from a morning surge.

The S&P/TSX composite index closed down 74.41 points at 15,639.41.

In New York, the Dow Jones industrial average was up 10.50 points at 26,085.80. The S&P 500 index was down 29.82 points at 3,155.22, while the Nasdaq composite was down 226.60 points or 2.1 per cent at 10,390.84.

The Canadian dollar traded for 73.71 cents US compared with 73.56 cents US on Friday.

The August crude contract was down 45 cents at US$40.10 per barrel and the August natural gas contract was down 6.6 cents at US$1.74 per mmBTU.

The August gold contract was up US$12.20 at US$1,814.10 an ounce and the September copper contract was up 5.75 cents at nearly US$2.96 a pound.

This report by The Canadian Press was first published July 13, 2020.

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

 

The Canadian Press







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