North American stock markets fall amid possible signal of rising U.S. interest rates

·1 min read

TORONTO — Blockbuster corporate earnings and economic data couldn't prevent global stock markets from tumbling to end the trading week on renewed COVID-19 concerns and a possible signal that U.S. interest rates could be rising sooner than expected.

The S&P/TSX composite index closed down 147.59 points to 19,108.33.

In New York, the Dow Jones industrial average was down 185.51 points at 33,874.85. The S&P 500 index was down 30.30 points at 4,181.17, while the Nasdaq composite was down 119.87 points at 13,962.68.

The Canadian dollar traded for 81.40 cents US compared with 81.35 cents US on Thursday.

The June crude contract was down US$1.43 at US$63.58 per barrel and the June natural gas contract was up two cents at US$2.93 per mmBTU.

The June gold contract was down 60 cents US at US$1,767.70 an ounce and the July copper contract was down 1.85 cents at nearly US$4.47 a pound.

This report by The Canadian Press was first published April 30, 2021.

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

The Canadian Press

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