P.M. market numbers: October 21, 2009

By Staff | October 21, 2009 | Last updated on October 21, 2009
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market closed sharply lower amid a late-day selloff in financial and tech stocks. The S&P/TSX composite index fell 96.1 points to 11,442.02.

The Canadian dollar rose 43-100ths to 95.6 cents US a day after losing almost two cents in the wake of a strong indication by the Bank of Canada that an interest rate hike won’t happen until the middle of next year. The central bank also delivered a clear warning of the damage being done to the economy by the surging currency.

New York markets also fell sharply, with the Dow Jones industrials down 92.12 points to 9,946.36.

The TSX financial sector gave up ground after U.S. banking analyst Dick Bove downgraded Wells Fargo, the fourth-biggest U.S. bank, to sell.

The downgrade sparked a selloff across most sectors and came just hours after the bank reported sharply higher loan losses.

Oil jumped $2.25 to US$81.37 a barrel – its highest close since mid-October, 2008 – as gasoline inventories fell again last week.

In New York, the Nasdaq composite index had been supported by a well-received earnings report from Yahoo Inc., but closed down 12.74 points at 2,150.73, while the S&P 500 index dipped 9.66 points to 1,081.4.

(THE CANADIAN PRESS)

North American markets Back to Top
Close Change YTD
Dow Jones 9,949.36 -92.12 or -0.92% +13.37%
S&P 500 1,081.40 -9.66 or -0.89% +19.72%
NASDAQ 2,150.73 -12.74 or -0.59% +36.38%
TSX Composite 11,442.02 -96.10 or -0.83% +27.31%

International markets Back to Top
Close Change YTD
Nikkei 10,333.39 -3.45 or -0.03% +16.64%
Hang Seng 22,318.11 -66.85 or -0.30% +55.12%
SENSEX 17,009.17 -213.84 or -1.24% +78.53%
FTSE 100 5,257.85 +14.45 or +0.28% +18.58%
CAC 40 3,873.22 +1.77 or +0.05% +20.36%
DAX 5,833.49 +21.72 or +0.37% +21.72%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond

102.56

102.77

3.43

Cdn. 30-year bond

117.95

118.22

3.93

U.S. 10-year bond 102.01 102.39 3.38
U.S. 30-year bond 105.01 105.72 4.20

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.9560 0.9715
US $ 1.0460 1.0293

Euro Spot Rate Today Previous
Canadian $ 0.6374 0.6374
Euro 1.5688 1.5688

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $1053.50 $1053.75

Oil Close Change
WTI Crude Future (US) $80.86 +$1.74 or +2.20%

(10/21/09)

Advisor.ca staff

Staff

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