Investors are facing a turbulent day in the stock market as Canada’s main stock index plunges nearly 200 points due to setbacks in various sectors, causing a ripple effect on U.S. stock markets. Let’s delve into the details and explore the current market situation:
- The S&P/TSX composite index is facing a significant decline, down 177.83 points at 24,882.41.
- Meanwhile, in New York, the Dow Jones industrial average is struggling, down 259.28 points at 41,694.04. The S&P 500 index is also experiencing a downturn, down 41.17 points at 5,621.72, and the Nasdaq composite is down 116.58 points at 17,575.05.
Here are some key figures from the market today:
- The Canadian dollar is trading at 69.68 cents US, slightly lower than the previous day’s value.
- The May crude oil contract is showing a slight increase of five cents at US$68.12 per barrel, while the April natural gas contract is up three cents at US$4.00 per mmBTU.
- On the other hand, the April gold contract is down US$23.70 at US$3,020.10 an ounce, and the May copper contract is facing a decrease of four cents at US$5.07 a pound.
As investors navigate through these fluctuations, it is crucial to stay informed and make well-informed decisions to weather the storm in the market. Stay vigilant and keep a close eye on the latest developments to secure your investments in these uncertain times.
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