TSX, U.S. markets fall as investors digest strong Friday gains [Business News Network (BNN) Energy & Resources (Canada)]
Turquoise Hill Resources Ltd. Ordinary Shares (TRQ)
US:NYSE Investor Relations:
turquoisehill.com/s/investors.asp
Company Research
Source: Business News Network
TSX, U.S. markets fall as investors digest strong Friday gains TORONTO -- North American stock markets opened the week a little lower as investors digested Friday's large gains induced by a strong U.S. jobs report. Investors responded Monday with "a bit of cooling time" from Friday's numbers, said Les Stelmach, portfolio manager at Franklin Templeton Canada. The S&P/TSX composite index closed down 46.12 points at 16,950.85. In New York, the Dow Jones industrial average was down 105.46 points at 27,909.60. The S&P 500 index was down 9.95 points at 3,135.96, while the Nasdaq composite was down 34.70 points at 8,621.83. The Canadian dollar traded for 75.56 cents US compared with an average of 75.44 cents US on Friday. Eight of the 11 major sectors on the TSX were lower, led by technology and consumer discretionary sectors. Materials and energy were lower as the price of gold and crude oil slipped. Turquoise Hill Resources Ltd. was down 6.3 per cent while Cameco Corp. was off 6.9 per cent
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