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North American stock markets partially recover from uncertainty over Trump COVID test

TORONTO — North American stock markets partially recovered from deep early losses caused by uncertainty after U.S. President Donald Trump said he tested positive for the coronavirus.

The S&P/TSX composite index closed up down 14.71 points to 16,199.25.

In New York, the Dow Jones industrial average was down 134.09 points at 27,682.81. The S&P 500 index was down 32.38 points at 3,348.42, while the Nasdaq composite was down 251.49 points at 11,075.02.

The Canadian dollar traded for 75.13 cents US compared with 75.23 cents US on Thursday.

The November crude contract was down US$1.67 at US$37.05 per barrel and the November natural gas contract was down 8.9 cents at nearly US$2.44 per mmBTU.

The December gold contract was down US$8.70 at US$1,907.60 an ounce and the December copper contract was up 11.2 cents at almost US$2.98 a pound.

This report by The Canadian Press was first published Oct. 2, 2020.

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

The Canadian Press

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