Stock Exchange: Wall Street loses 1% at the opening
U.S. stock markets plunged over 1% as investors worried about employment statistics. In Toronto, the decline is more moderate.
He has created 00 120 jobs in March in the U.S., according to data released Friday. This is the lowest job creation for five months. It is also less than the forecast of 205,000 jobs. U.S. markets were unable to react to the news the same day because of Good Friday holiday.
Upon opening, the U.S. stock exchange news channel CNBC reported that the three major U.S. indices (Dow Jones, S & P 500 and Nasdaq) touch a low of one month.
On Monday, China unveiled a level of inflation above expectations. Inflation rose 3.6% in March, against an expectation of 3.3%. The price appreciation occurs when the economy slows. High inflation could reduce the flexibility of authorities to support growth.
The opening of a negotiation with Iran over its nuclear program has eased concerns about oil supplies. Oil prices slip nearly U.S. $ 2.
Three minutes after the opening, AOL takes 36% to U.S. $ 25.14. The company sells about 800 patents to Microsoft for more than U.S. $ 1 billion.
Around 9:40, here's the current situation in Toronto and New York:
- The S & P / TSX loses 50 points, or 0.41%, to 12,053 points;
- The S & P 500 removes 16 points, or 1.15%, to 1382 points;
- The Dow Jones down 127 points, or 0.97%, to 12,993 points;
- The Nasdaq removes 39 points, or 1.28%, to 3041 points;
- Oil prices depreciating U.S. $ 1.94, or 1.88%, to $ 101.37 U.S.;
- The ounce of gold gained U.S. $ 16.20, or 0.99%, to a $ 646.30 U.S.;
- The Canadian dollar was down 0.62 U.S. cents, or 0.64%, to 100.04 cents U.S..