Stock markets fall amid fears new coronavirus will hurt global economy

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TORONTO — Canada’s main stock index fell in late-morning trading amid fears for the global economy as the death toll from the new coronavirus in China rose.

The S&P/TSX composite index was down 72.79 points at 17,438.96.

In New York, the Dow Jones industrial average was down 139.22 points at 28,595.23. The S&P 500 index was down 19.18 points at 3,254.22, while the Nasdaq composite was down 58.89 points at 9,216.27.

The Canadian dollar traded for 75.62 cents US compared with an average of 75.78 cents US on Wednesday.

The March crude contract was down US$1.07 at US$52.26 per barrel and the March natural gas contract was down 2.8 cents at US$1.84 per mmBTU.

The April gold contract was up US$11.80 at US$1,587.80 an ounce and the March copper contract was down 2.85 cents at US$2.53 a pound.

 

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

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