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Stockhouse @ the Bell: Bay & Wall Street markets decline after jobs reports

Stockhouse Editorial
0 Comments| July 5, 2019


Gold prices fell sharply from six-year highs on Friday and a strong US jobs report undercut hopes of an interest rate cut this month to push markets lower on both sides of the border. Canada's job report showed a decline in employment, but still reflected a strong economy.

The S&P/TSX Composite Index was down 46.86 points to 16,541.99, and the TSX Venture Exchange was down 1.04 points to 586.79.

The Canadian dollar traded for an average of 76.34 cents US compared with an average of 76.58 cents US on Thursday.

Crude oil prices were up $0.34 to $57.68.

The price of gold was down $19.21 to $1,398.49.

In U.S. markets; the Dow lost 43.88 points to 26,922.12, the S&P 500 slipped 5.41 points to 2,990.41 and the NASDAQ dipped 8.44 points to 8,161.79.

In world markets; the Nikkei gained 44.02 points to 21,746.38, the Hang Seng fell 28.74 points to 28,767.00, the FTSE gave up 50.11 points to 7,553.14, and the DAX was down 61.07 points to 12,568.53.




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