U.S. and Canadian stock markets appear set for another disturbing selloff to start the week, as a plunge in Chinese equities overnight has intensified concerns about one of the world's key economic growth drivers.
Despite a lack of fresh economic news and major central bank speeches scheduled, it should be another nerve-wracking day for investors. Futures suggest the Wall Street and Bay Street major indexes could be looking at declines of close to 1 per cent when they open. And continuing this month's unsettling trend for many Canadian investors, income-producing securities such as real estate investment trusts, dividend stocks and bonds will continue under considerable pressure, as the 10-year U.S. Treasury yield hit its highest level in nearly two years early this morning.Report Typo/Error
- S&P 500 INDEX2,475.42-2.41(-0.10%)
- Dow Jones Industrials21,796.55+85.54(+0.39%)
- S&P/TSX Composite15,191.36+19.97(+0.13%)
- SPDR Gold Trust$119.79-0.09(-0.08%)
- Copper High Grade Front Month Futures$2.87+0.00(+0.03%)
- Crude Oil Front Month Futures$49.13+0.38(+0.78%)
- Barrick Gold Corp$20.76+0.58(+2.87%)
- Updated July 27 11:55 AM CDT. Delayed by at least 15 minutes.