P.M. market numbers: August 17, 2009

By Staff | August 17, 2009 | Last updated on August 17, 2009
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market joined other indexes around the world in a sharp sell-off as investors sold off on worries that the U.S. consumer won’t be much help in building a strong economic recovery.

The S&P/TSX composite index fell 316.42 points or 2.92% to 10,531.59 after consumer weakness surfaced Friday in a sharp falloff in the Reuters-University of Michigan consumer sentiment index, following a weak July retail sales report.

Economic worries pushed the TSX lower last week, snapping a four-week-long winning streak, leaving the main index up over 40% from the lows of March.

But after rallying for months on expectations of an economic recovery, investors now fear they’ve been too optimistic given consumers’ continuing reluctance to spend.

The Canadian dollar closed down 0.61 cent to 90.32 cents U.S.

The Dow Jones industrials closed down 186.06 points to 9,135.34 and the Nasdaq composite index dropped 54.68 points to 1,930.84 while the S&P 500 fell 24.36 points to 979.73.

The TSX energy sector was a leading decliner, down 3.27% as the price of oil in New York lost 76 cents to US$66.75 a barrel.

(THE CANADIAN PRESS)

North American markets Back to Top
Close Change YTD
Dow Jones 9,135.34 -186.06 or -2.00% +4.09%
S&P 500 979.73 -24.36 or -2.43% +8.47%
NASDAQ 1,930.84 -54.68 or -2.75% +22.44%
TSX Composite 10,531.59 -316.42 or -2.92% +17.18%

International markets Back to Top
Close Change YTD
Nikkei 10,268.61 -328.72 or -3.10% +15.90%
Hang Seng 20,137.65 -755.68 or -3.62% +39.97%
SENSEX 14,784.92 -626.71 or -4.07% +53.25%
FTSE 100 4,645.01 -68.96 or -1.46% +4.75%
CAC 40 3,419.69 -75.58 or -2.16% +6.27%
DAX 5,201.61 -107.50 or -2.02% +8.14%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 102.90 102.05 3.40
Cdn. 30-year bond 118.87 117.19 3.88
U.S. 10-year bond 101.31 100.22 3.47
U.S. 30-year bond 103.09 97.14 4.32

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.9032 0.9001
US $ 1.1072 1.1109

Euro Spot Rate Today Previous
Canadian $ 0.6416 0.6407
Euro 1.5586 1.5609

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $937.50 $932.75

Oil Close Change
WTI Crude Future (US) $66.44 -$1.07 or -1.58%

(08/17/09)

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.