Stock markets are falling as new COVID variant scares investors – Business news

Variant ghost markets

The Canadian Press – | History: 352828

Canada’s main stock index fell more than 300 points in early trading as oil prices plummeted and US stock markets sank deep into red due to concerns about a new COVID-19 variant in South Africa.

The composite S & P / TSX index fell 362.29 points to 21,250.89.

In New York, the Dow Jones industrial average fell by 661.78 points to 35,142.60. The S&P 500 index fell 55.92 points to 4,645.54, while the Nasdaq index fell 128.73 points to 15,716.50.

The Canadian dollar traded at 78.28 cents US compared to 79.03 cents US on Thursday.

The January crude oil contract fell $ 5.39 to $ 73.00 per share. barrel, and the natural gas contract from January increased 25 cents USD 5.36 per. mmBTU.

The December gold contract rose $ 20.20 to $ 1,804.50 per share. ounce, and the March copper contract fell 15 cents to $ 4.32 per ounce. pound.

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