North American markets faced a harsh reckoning Thursday following the U.S. Federal Reserve's outsize rate hike a day earlier, with Canada's main stock index dropping more than 600 points at closing time.
the Dow Jones industrial average was down 741.46 points at 29,927.07. The S&P 500 index was down 123.22 points at 3,666.77, while the Nasdaq composite was down 453.06 points or 4.1 per cent at 10,646.10.The August crude contract was up US$2.15 cents at US$115.24 per barrel and the July natural gas contract was up 44 cents at US$7.46 per mmBTU.
The August gold contract was up US$30.30 at US$1,849.90 an ounce and the July copper contract was down about five cents at US$4.11 a pound.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P/TSX composite down more than 400 points, U.S. stock markets also fall | Globalnews.caThe S&P/TSX composite index fell 421.48 points to 19,190.08 shortly after the start of trading.
Read more »
These 10 TSX metals and mining stocks offer relative stability in a volatile sectorWe are looking for profitable picks amongst Canadian-listed metals and mining stocks
Read more »
S&P/TSX composite down more than 400 points, U.S. stock markets also fall | Globalnews.caThe S&P/TSX composite index fell 421.48 points to 19,190.08 shortly after the start of trading.
Read more »
Europe stocks up, Asia mixed ahead of U.S. Fed rate hike decisionAsian stock markets were mixed while Europe opened higher Wednesday ahead of a Federal Reserve decision on how sharply to raise interest rates to cool U.S. inflation.
Read more »
These 10 TSX metals and mining stocks offer relative stability in a volatile sectorWe are looking for profitable picks amongst Canadian-listed metals and mining stocks
Read more »
Evening Update: Interim Toronto police chief apologizes to Black community after release of race-based data on use of forceAlso: U.S. Fed hikes rates by three-quarters of a percentage point, flags slowing economy
Read more »