Money: North American stocks plunge in early trading - PressFrom - Canada

MoneyNorth American stocks plunge in early trading

18:32  06 december  2018
18:32  06 december  2018 Source:

Toronto stocks down, U.S. markets also fall

Toronto stocks down, U.S. markets also fall Toronto stocks down, U.S. markets also fall

North American stocks plunge in early trading© Provided by 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)

Asian stocks sink for 2nd day after Wall Street slide.
Asian stocks fell further Friday after Wall Street slid on recession fears, putting markets in Shanghai, Tokyo and Sydney on track to end 2018 down more than 10 per cent. Tokyo's Nikkei 225 index fell 1.6 per cent and the Shanghai Composite Index lost 1.2 per cent. The Chinese market is 2018's worst performer, down nearly 25 per cent for the year. Stocks usually end the year with a flourish. But investors worry global economic growth is cooling and the U.S. could slip into a recession in the next few years. After "years of outperformance," U.S.

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