North American stock markets plunge again, loonie falls below 75 cents US

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TORONTO — North American stock markets continued to fall in early trading, adding to this week’s major losses, amid fears about the economic impact of the novel coronavirus outbreak that began in China.

The S&P/TSX composite index was down 389.99 points at 16,651.93.

In New York, the Dow Jones industrial average was down 593.23 points at 26,364.36. The S&P 500 index was down 74.16 points at 3,042.23, while the Nasdaq composite was down 254.67 points at 8,726.10.

The Canadian dollar traded for 74.87 cents US compared with an average of 75.15 cents US on Wednesday.

The April crude contract was down US$2.44 at US$46.29 per barrel and the April natural gas contract was down 8.9 cents at US$1.748 per mmBTU.

The April gold contract was up US$11.30 at US$1,654.40 an ounce and the May copper contract was down 2.85 cents at US$2.5450 a pound.

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

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