North American stock markets fall over technology losses and U.S. stimulus concerns

TORONTO — North American stock markets fell Thursday on technology sector weakness and concerns about the likelihood of more U.S. stimulus and slowly falling jobless claims.

The S&P/TSX composite index closed down 48.94 points to 16,246.72.

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In New York, the Dow Jones industrial average was down 130.40 points at 27,901.98. The S&P 500 index was down 28.48 points at 3,357.01, while the Nasdaq composite was down 140.19 points at 10,910.28.

The Canadian dollar traded for 75.76 cents US compared with 75.94 cents US on Wednesday.

The October crude contract was up 81 cents at US$40.97 per barrel and the October natural gas contract was down 22.5 cents at US$2.04 per mmBTU.

The December gold contract was down US$20.60 at US$1,949.90 an ounce and the December copper contract was up one cent at US$3.07 a pound.

This report by The Canadian Press was first published Sept. 17, 2020.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

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