Another red day for North American markets. Canada’s main stock continued its downward trend with another lower close on Wednesday, weighed down by losses in the mining sector as the price of gold lost more than $30 (USD) an ounce.
The Dow Jones Industrial Average tried to break a multiday three-session losing streak but ultimately closed lower again with the rest of the markets. It has been a sell-off month for the index after record highs a few weeks earlier. Nike closed 8.5% higher after reporting a surge in sales, while Tesla sunk 10.3% after an underwhelming “Battery Day” ceremony.
Today in the Markets
The Canadian dollar traded for 74.89 cents US compared with 75.13 cents US on Tuesday.
Crude oil prices were down $0.26 to $39.54.
The price of gold was down $38.68 to $1,861.89.
In world markets, the Nikkei was down 13.80 points to 23,346.49, the Hang Seng was up 25.69 points to 23,742.51, the FTSE was up 70.64 points to 5,899.26, and the DAX was up 48.77 points to 12,642.97.
Top 10 Bullboards:
Today in the News:
Get @ the Bell delivered to your email inbox every day!
Sign Up Here
DISCLAIMER: By viewing any material on or distributed by Stockhouse Publishing Ltd. and its Information Providers you agree to both the following disclaimer, and the full disclaimer that can be viewed here.
Any holdings, theories, speculation or trades appearing anywhere on the Stockhouse network of websites should not be relied upon for purposes of transacting securities or other investments, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. This applies to any material regardless of source, placement, presentation or reproduction. Any Information Providers to Stockhouse or employees of Stockhouse may from time to time have positions in the stocks or other entities mentioned anywhere on the Stockhouse Network of websites. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. Stockhouse and its contributors makes no guarantee as to the validity of any information, speculation, theories or research presented herein whether pertaining to the past, present or future. The Service and The Materials are provided by Stockhouse and other Information Providers on an "as is" basis, and Stockhouse and other Information Providers expressly disclaim any and all warranties, express or implied, including, without limitation, warranties of satisfactory quality and fitness for a particular purpose, with respect to the service or any materials and products. In no event shall Stockhouse and other Information Providers be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever with respect to The Service, The Materials, and The Products.