Surge in U.S. COVID-19 infections drags stock markets lower

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Surge in U.S. COVID-19 infections drags stock markets lower
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North American stock markets capped a poor weak by losing ground on rising COVID-19 infections in the U.S.

In New York, the Dow Jones industrial average was down 730.05 points at 25,015.55. The S&P 500 index was down 74.71 points at 3,009.05, while the Nasdaq composite was down 259.78 points at 9,757.22.The August crude contract was down 23 cents at US$38.49 per barrel and the August natural gas contract was down 0.2 of a cent at US$1.54 per mmBTU.

The August gold contract was US$9.70 at US$1,780.30 an ounce and the September copper contract was up 0.1 of a cent at nearly US$2.68 a pound.

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