North American markets plunge into record drop in U.S. GDP – Business News

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North American equity markets plunged into a record 32.9% drop in US gross domestic product in the second quarter.

The S & P / TSX Composite Index fell 187.14 points to 16,107.52.

In New York, the Dow Jones Industrial Average fell 391.96 points to 26,147.61. The S&P 500 Index was down 35.87 points to 3,222.57, while the Nasdaq composite was down 59.90 points to 10,483.05.

The Canadian dollar traded against 74.61 US against 74.85 on Wednesday.

The September crude contract fell 99 cents to US $ 40.28 per barrel and the September natural gas contract fell 3.9 cents to nearly US $ 1.89 per mmBTU.

The highest trading volume December gold contract fell US $ 7.20 to US $ 1,969.50 an ounce and the September copper contract fell sharply from one cent to US $ 2.91 per pound.

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