North American stock markets subdued despite U.S. impeachment frenzy [Business News Network (BNN) Energy & Resources (Canada)]
Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS)
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Source: Business News Network
North American stock markets subdued despite U.S. impeachment frenzy TORONTO -- North American stock markets were relatively subdued Thursday despite the frenzy taking place in Washington, D.C. over efforts to impeach the U.S. president. The S&P/TSX composite index closed up 6.11 points to 16,790.40, breaking a three-day slide. In New York, the Dow Jones industrial average was down 79.59 points at 26,891.12. The S&P 500 index was down 7.25 points at 2,977.62, while the Nasdaq composite was down 46.72 points at 8,030.66. The lack of big movement on the broader index follows the pattern of the past couple of days as investors consolidate as they wait for signs of the market's direction, says Mike Archibald, Associate Portfolio Manager with AGF Investments Inc. "I think everybody's waiting on looking for the next catalyst to move the market in either direction, so whether that be political or whether that be macro or more likely probably Q3 earnings reports, which start off in the U.S. i
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