After a record closing Friday, the heavyweight energy sector led losses to push Canada’s main stock index lower on Monday, as rising COVID-19 cases simmered concerns over crude demand and pushed oil prices 4% lower. The utilities and industrials sectors moved higher.
Futures on the Dow Jones Industrial Average pulled back from Friday’s record highs, while the S&P 500 Index also took a breather. Meanwhile, futures on the NASDAQ moved marginally higher on a boost from Tesla and its analyst upgrade. Traders are tracking the $1 trillion infrastructure bill in Washington, as US senators work toward an agreement on the bipartisan deal.
Today in the Markets
The Canadian dollar traded for 79.54 cents US compared with 79.68 cents US on Friday.
Crude oil prices were down $1.45 to $66.83.
The price of gold was up 11.02 to $1,729.37.
In world markets, the Nikkei was up 91.92 points to 27,820.04, the Hang Seng was up 104.00 points to 26,283.40 the FTSE was up 9.35 points to 7,132.30 and the DAX was down 16.04 points to 15,745.41.
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