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North American stock markets fall on concerns about virus and Fed moves

Written by on September 9, 2021

TORONTO — North American stock markets were weaker for at least a third-straight day over concerns about the Delta variant and the potential scaling back of monetary stimulus in Canada and the U.S.

The S&P/TSX composite index closed down 36.52 points to 20,705.27.

In New York, the Dow Jones industrial average was down 151.69 points at 34,879.38. The S&P 500 index was down 20.79 points at 4,493.28, while the Nasdaq composite was down 38.39 points at 15,248.25.

The Canadian dollar traded for 79.03 cents US compared with 78.89 cents US on Wednesday.

The October crude oil contract was down US$1.16 at US$68.14 per barrel and the October natural gas contract was up 11.7 cents at US$5.03 per mmBTU.

The December gold contract was up US$6.50 at US$1,800.00 an ounce and the December copper contract was up 5.25 cents at US$4.29 a pound.

This report by The Canadian Press was first published Sept. 9, 2021.

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

The Canadian Press