North American stock markets rebound after losses, loonie edges up

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TORONTO — North American stock markets rebounded a day after plunging on worries that economic growth will be hurt by the coronavirus outbreak in China.

The S&P/TSX composite index was up 50.42 points at 17,492.94.

In New York, the Dow Jones industrial average was up 206.92 points at 28,742.72. The S&P 500 index was up 32.29 points at 3,275.92, while the Nasdaq composite was up 115.39 points at 9,254.70.

The Canadian dollar traded for 75.89 cents US compared with an average of 75.86 cents US on Monday.

The March crude contract was up 30 cents at US$53.44 per barrel and the March natural gas contract was up 4.1 cents at US$1.92 per mmBTU.

The February gold contract was down US$7.80 at US$1,569.60 an ounce and the March copper contract was down 1.25 cents at US$2.58 a pound.

 

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