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North American markets slip on U.S. inflation report

TORONTO — North American stock markets slipped Friday as a new report on U.S. inflation spooked investors.

The S&P/TSX composite index was down 22.12 points at 19,947.07.

In New York, the Dow Jones industrial average was down 305.02 points at 33,476.46. The S&P 500 index was down 29.13 points at 3,934.38, while the Nasdaq composite was down 77.38 points at 11,004.62.

The Canadian dollar traded for 73.37 cents US compared with 73.63 cents US on Thursday.

The January crude contract was down 44 cents at $71.02 per barrel and the January natural gas contract was up 28 cents at US$6.25 per mmBTU.

The February gold contract was up US$9.20 at US$1,810.70 an ounce and the March copper contract was down half a cent at US$3.88 a pound.

This report by The Canadian Press was first published Dec. 9, 2022.

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

The Canadian Press