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MoneyNorth American stocks plunge in early trading

18:32  06 december  2018
18:32  06 december  2018 Source:   msn.com

Is the boom in Canada’s marijuana stocks over?

Is the boom in Canada’s marijuana stocks over? As Aphria Inc. (TSX:APHA) stock comes under pressure, investors should focus on other top marijuana producers, such as Canopy Growth Corp. (TSX:WEED)(NYSE:CGS).

North American stock markets continued to plunge in early trading .THE CANADIAN PRESS/Darren Calabrese. TORONTO - Global stock markets are being roiled by more volatility as investors remain fearful that signs of rising inflation and higher interest rates could bring an end to the bull market that

Stocks are opening sharply lower on Wall Street following big drops in Asia and Europe. The Dow Jones Industrial Average dropped more than 300 points in early trading , pulled down by big drops in Caterpillar and 3M. 3M fell 6.3 percent after its earnings missed Wall Street’s targets.

North American stocks plunge in early trading© Provided by thecanadianpress.com The Toronto Stock Exchange Broadcast Centre is shown in Toronto on June 28, 2013. THE CANADIAN PRESS/Aaron Vincent Elkaim

TORONTO - North American stock markets plunged in early trading amid worries that the arrest of a senior executive at Chinese telecom equipment maker Huawei could derail progress in China-U.S. trade talks.

The S&P/TSX composite index was down 340.34 points at 14,842.30.

In New York, the Dow Jones industrial average was down 393.88 points at 24,633.19. The S&P 500 index was down 40.18 points at 2,659.88, while the Nasdaq composite was down 100.07 points at 7,058.36.

The Canadian dollar traded for 74.57 cents US compared with an average of 74.89 cents US on Wednesday.

The January crude oil contract was down US$1.44 at US$51.45 per barrel and the January natural gas contract was down 15.7 cents at US$4.31 per mmBTU.

The February gold contract was up US$5.10 at US$1,247.70 an ounce and the March copper contract was down 4.90 cents at US$2.73 a pound.

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

Is It Time to Buy Marijuana Stocks?.
Marijuana stocks continue their wild ride as Altria Group Inc. (TSX:MO) buys 45% stake in Cronos Group Inc. (TSX:CRON) (NYSE:CRON) and take them higher on Friday after a week of continued marijuana stock carnage.

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