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North American stock markets fall despite weaker August inflation numbers

TORONTO — North American stock markets fell even though weaker U.S. inflation numbers could delay Fed action.

The S&P/TSX composite index closed down 113.16 points to 20,553.25.

In New York, the Dow Jones industrial average was down 292.06 points at 34,577.57. The S&P 500 index was down 25.68 points at 4,443.05, while the Nasdaq composite was down 67.82 points at 15,037.76.

The Canadian dollar traded for 78.98 cents US, unchanged from Monday.

The October crude contract was up one cent at US$70.46 per barrel and the October natural gas contract was up 2.9 cents at US$5.26 per mmBTU.

The December gold contract was up US$12.70 at US$1,807.10 an ounce and the December copper contract was down 4.6 cents at US$4.32 a pound.

This report by The Canadian Press was first published Sept. 14, 2021.

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/north-american-stock-markets-fall-despite-weaker-august-inflation-numbers-1.5584433

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