TSX, U.S. markets end lower as Turkey concerns weigh

Loonie slips

Canada’s main stock index closed in the red along with U.S. markets on Monday as concerns about economic instability in Turkey continued to weigh globally.

The S&P/TSX composite index closed down 75.76 points at 16,250.75 as gold and energy stocks dropped.

In New York, the Dow Jones industrial average ended down 125.44 points at 25,187.70. The S&P 500 index closed down 11.35 points at 2,821.93, while the Nasdaq composite was down 19.40 points at 7,819.71.

The Canadian dollar averaged US76.13¢, down 0.13 of a U.S. cent.

The September crude contract closed down US43¢ at US$67.20 per barrel and the September natural gas contract dropped a cent to end at US$2.93 per mmBTU.

The December gold contract fell US$20.10 to US$1,198.90 an ounce, the first time since March 2017 that it fell below US$1,200, and the September copper contract fell a penny to US$2.73 a pound.