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North American stock markets rally but mostly end lower as bond yields increase


TORONTO — The rocky start to the year continued on Monday as North American stock markets fell amid rising bond yields. The S&P/TSX composite index closed down 12.13 points to 21,072.32. In New York, the Dow Jones industrial average was down 162.

TORONTO — The rocky start to the year continued on Monday as North American stock markets fell amid rising bond yields.

The S&P/TSX composite index closed down 12.13 points to 21,072.32.

In New York, the Dow Jones industrial average was down 162.79 points at 36,068.873. The S&P 500 index was down 66.18 points at 4,610.85, while the Nasdaq composite was down 293.10 points at 14,642.80.

The Canadian dollar traded for 78.87 cents US compared with 78.95 cents US on Friday.

The February crude oil contract was down 67 cents at US$78.23 per barrel and the February natural gas contract was up 16.3 cents at US$4.08 per mmBTU.

The February gold contract was down US$1.40 at US$1,798.80 an ounce and the March copper contract was down 5.8 cents at US$4.35 a pound.

This report by The Canadian Press was first published Jan. 10, 2022.

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

The Canadian Press





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