North American markets tumble on IMF report downgrading growth forecast for 2019

first_img S&P/TSX composite hits highest close since March on strength of financials sector Facebook LinkedIn Twitter Canada’s main stock index’s six-day winning streak has ended after the International Monetary Fund lowered its global growth forecast for the year.The S&P/TSX composite index closed down 70.84 points to 16,336.45. In New York, the Dow Jones industrial average was down 190.44 points at 26,150.58. The S&P 500 index was down 17.57 points at 2,878.20, while the Nasdaq composite was down 44.61 points at 7,909.28.The Canadian dollar traded at an average of US75.10¢ compared with an average of US75.05¢ on Monday.The May crude contract was down 42¢ at US$63.98 per barrel and the May natural gas contract was down 0.9¢ at US$2.70 per mmBTU.The June gold contract was up US$6.40 at US$1,308.30 an ounce and the May copper contract was up 0.2 of a cent at US$2.93 a pound. upclose stock market arrows green and red piren/123RF Keywords Marketwatch Toronto stock market dips on weakness in the energy and financials sectors TSX gets lift from financials, U.S. markets rise to highest since March Canadian Press Share this article and your comments with peers on social media Related newslast_img read more

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