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Stockhouse @ the Bell: Selloff continues for North American markets

Stockhouse Editorial
0 Comments| November 20, 2018

It was day 2 for the North American selloff, even world equity markets took a tumble as oil prices fell as much as 7% on Tuesday on the news that the U.S. was standing by Saudi Arabia. A surge of American production outweighed the expected OPEC supply cuts. Investors sought shelter in safe-haven currencies and U.S. treasuries.
The S&P/TSX Composite Index was down 194.01 points to 14,877.00, the TSX Venture Exchange was down 15.72 points to 599.51.
The Canadian dollar was down $0.0080, to 75 cents.
Crude oil prices were down $3.89 to $53.31.
The price of gold was down $2.34 to $1,221.65.
In U.S. markets; the Dow was down 551.80 points to 24,465.64, the S&P 500 shed 48.84 points to 2,641.89, and the NASDAQ erased 119.65 points to 6,908.82.
In world markets; the Nikkei fell 235.44 points to 21,583.12, the Hang Seng sunk 520.94 points to 25,840.34, the FTSE lost 52.57 points to 6,947.92, and the DAX gave up 175.31 points to 11,066.41.


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