Fear of coronavirus drives markets down in North America

The North American stock markets had their worst session in several months on Friday, as investors let themselves be overcome by fears surrounding the coronavirus epidemic and its repercussions on the economy.

The Toronto Stock Exchange’s S & P / TSX Composite Index declined 172.07 points, or 0.98%, to close at 17,318.49 points.

All sectors of the Toronto prosecution declined on Friday, except that of materials, which gained 0.38%. Losses in the energy and health care groups fell 2.96% and 2.17% respectively.

 

In New York, the Dow Jones industrial average retreated by 603.41 points, or 2.1% to 28,256.03 points, while the broad S&P 500 index lost 58.14 points to 3,225.52 points . The NASDAQ index depreciated by 148 points to 9,150.94 points.

On the foreign exchange market, the Canadian dollar traded at an average price of 75.57 cents US, down from its average price of 75.66 cents the previous day.

On the New York Stock Exchange, the price of crude oil fell 58 cents US to 51.56 US dollars a barrel, while that of gold fell 1.30 US dollars to 1587.90 $ ounce. The price of copper, for its part, fell 0.7 cents to 2.52 US dollars per pound.

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