North American stock markets drop on economic uncertainty despite U.S. sales

North American stock markets drop on economic uncertainty despite U.S. sales
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TORONTO — North American stock markets dropped amid uncertainty about economic recovery despite strong U.S. retail sales.

The S&P/TSX composite index closed down 38.83 points at 16,024.50.

In New York, the Dow Jones industrial average was down 135.39 points at 26,734.71. The S&P 500 index was down 10.99 points at 3,215.57, while the Nasdaq composite was down 76.66 points at 10,473.83.

The Canadian dollar traded for 73.84 cents US compared with 73.89 cents US on Thursday.

The September crude contract was down 47 cents at US$40.93 per barrel and the August natural gas contract was down 5.5 cents at US$1.72 per mmBTU.

The August gold contract was down US$13.50 at US$1,800.30 an ounce and the September copper contract was 1.65 cents at US$2.90 a pound.

This report by The Canadian Press was first published July 16, 2020.

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

 

The Canadian Press

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