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Stockhouse @ the Bell: Markets lower as key sectors decline

Stockhouse Editorial
0 Comments| August 20, 2019

Canada’s main stock index fell on Tuesday, as the key energy, financial and industrial sectors all lost ground. The Nikkei was one of the few bright spots on the global stage, as investors look to safe haven zones. On that note, gold also climbed. Now the focus is on the minutes of the US Federal Reserve’s recent meeting, its Jackson Hole seminar and a Group of Seven summit, with an eye on the possibility of more economic stimulus.

The S&P/TSX Composite Index was down 90.74 points to 16,213.31, but the TSX Venture Exchange was up 6.83 point to 576.68.

The Canadian dollar traded for 75.09 cents US compared with an average of 75.20 cents US on Monday.

Crude oil prices were down $0.14 to $56.00.

The price of gold was up $7.51 to $1,507.92.

In US markets; the Dow fell 173.35 points to 25,962.44, the S&P 500 gave up 23.14 points to 2,900.51 and the NASDAQ declined 54.25 points to 8,002.94.

In world markets; the Nikkei jumped 114.69 points to 20,677.22, the Hang Seng lost 60.16 points to 26,231.54, the FTSE decreased 64.07 points to 7,125.00, and the DAX was down 63.84 points to 11,651.18.


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