North American markets pull back after weak economic report from China

North American markets pull back after weak economic report from China AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by David Friend, The Canadian Press Posted Apr 13, 2015 6:04 am MDT TORONTO – North American stock markets dipped as traders focused on a steep decline in Chinese trade, as well as less than enthusiastic expectations for U.S. earnings season.The S&P/TSX composite index pulled back 4.84 points to close at 15,383.59.The metals and mining sector the biggest loser on the TSX, down 2.25 per cent, following the report from China that imports fell 12 per cent in March compared with a year earlier, while exports declined 15 per cent.Oil futures moved higher for the third consecutive session with the May contract settling at US$51.91 a barrel, ahead 27 cents.The Dow Jones industrial average was down 80.61 points at 17,977.04, while the Nasdaq fell 7.73 points to 4,988.25. The S&P 500 closed 9.63 points lower at 2,092.43.The Canadian dollar lost 0.07 of a U.S. cent at 79.42 cents.