Wednesday , October 20 2021

US markets end week of punishment in red as oil and loonie sink


US markets ended a painful week closing well in the red as crude oil prices sank and the Australian dollar hit the biggest low in 19 months.

The S & P / TSX composite index lost 206.33 points to finish at 13,935.44.

In New York, the Dow Jones industrial average closed 414.23 points at 22,445.37. The S & P 500 index fell two percent, falling 50.84 points to 2,416.58, while the Nasdaq index fell three percent, or 195.41 points, to 6,332.99.

The Canadian dollar traded at an average of 73.71 cents, up from an average of 74.10 cents on Thursday.

The February crude oil contract fell 29 cents to $ 45.59 a barrel and the February natural gas contract rose 22.4 cents to $ 3.75 a mmBTU.

The February gold contract fell $ 9.80 to $ 1,258.10 an ounce and the March copper contract fell 2.25 cents to $ 2.67 a pound.

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