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Stockhouse @ the Bell: Markets close lower as Saudi / U.S. tensions grow

Stockhouse Editorial
0 Comments| October 18, 2018

It was another red day for major markets around the world. The European Commission issued s warning over Italy’s budget breaching E.U. rules and the rising tensions between the United States and Saudi Arabia. Canada’s main stock index was also down, led by the sagging energy sector, which was down 1.5% as crude oil prices continued to fall.

The S&P/TSX Composite Index was down 125.77 points to 15,404.13, and the TSX Venture Exchange was down 2.66 points to 690.46.

The Canadian dollar was down $0.0029, to 76 cents.

Crude oil prices were down 1.02 to $68.73.

The price of gold was up $3.68 to $1225.58.

In U.S. markets; the Dow sunk 327.23 points to 25,379.45, the S&P 500 erased 40.43 points to 2,768.78, and the NASDAQ lost 157.56 points to 7,485.14.

In world markets; the Nikkei fell 181.49 points to 22,658.16, the Hang Seng slipped 7.71 points to 25,454.55, the FTSE dipped 27.50 points to 7,026.99, and the DAX gave up 124.47 points to 11,589.21.


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