North American stock markets continue downward trend over the past few weeks

TORONTO — North American stock markets dipped to close a relatively flat week on signs of slowing U.S. recovery and weakness in the technology sector.

The S&P/TSX composite index closed down 47.75 points to 16,198.97.

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In New York, the Dow Jones industrial average was down 244.56 points at 27,657.42. The S&P 500 index was down 37.54 points at 3,319.47, while the Nasdaq composite was down 116.99 points at 10,793.28.

The Canadian dollar traded for75.84 cents US compared with 75.76 cents US on Thursday.

The November crude contract was up 10 cents at US$41.32 per barrel and the October natural gas contract was up 0.6 of a cent at nearly US$2.05 per mmBTU.

The December gold contract was up US$12.20 at US$1,962.10 an ounce and the December copper contract was up 4.5 cents at almost US$3.12 a pound.

This report by The Canadian Press was first published Sept. 18, 2020.

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

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