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Stockhouse @ the Bell: Trade woes & tech sell-off hurts North American markets

Stockhouse Editorial
0 Comments| June 3, 2019


Despite gold prices hitting a three-month high on Monday, Canada’s main stock index fell to its lowest level since February 2019 thanks to heightened trade concerns. A sell-off in some big technology and internet companies weighed down the markets on Wall Street, especially the tech-sensitive Nasdaq.
 
The S&P/TSX Composite Index was down 21.60 points to 16,015.89, and the TSX Venture Exchange was also down 6.83 points to 594.72.
 
The Canadian dollar traded at an average of 74.24 cents US compared with an average of 73.93 cents US on Friday.
 
Crude oil prices were down $0.69 to $52.81.
 
The price of gold was up $18.82 to $1,324.63.
 
In U.S. markets; the Dow inched up 4.74 points to 24,819.78, the S&P 500 dipped 7.61 points to 2,744.45 and the NASDAQ fell 120.13 points to 7,333.02.

In world markets; the Nikkei sunk 188.55 points to 20,410.88, the Hang Seng shed 7.23 points to 26,893.86, the FTSE added 23.16 points to 7,184.80, and the DAX was up 66.34 points to 11,792.81.






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