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North American stock markets start the trading week with a move lower

TORONTO — Canada’s main stock index plunged more than 200 points at the start of trading as a broad-based decline weighed on the Toronto market, while U.S. stock markets also sank lower.

The S&P/TSX composite index was down 240.47 points at 15,016.10.

In New York, the Dow Jones industrial average was down 550.54 points at 25,055.00. The S&P 500 index was down 53.77 points at 2,987.54, while the Nasdaq composite was down 114.09 points at 9,474.72.

The Canadian dollar traded for 73.24 cents US compared with 73.55 cents US on Friday.

The July crude contract was down US$1.47 at US$34.79 per barrel and the July natural gas contract was down a penny at US$1.72 per mmBTU.

The August gold contract was down US$25.80 at US$1,711.50 an ounce and the July copper contract was down nearly five cents at US$2.55 a pound.

This report by The Canadian Press was first published June 15, 2020

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/north-american-stock-markets-start-the-trading-week-with-a-move-lower-1.4984173

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