TSX Wall Street slump on hawkish Yellen and disappointing Draghi

TORONTO — Fresh moves by the European Central Bank on its stimulus plans left traders feeling underwhelmed and helped pull down North American stock markets.Toronto’s S&P/TSX index closed the session down 139.15 points at 13,324.67.The ECB announced a cut in one of its key interest rates as part of an attempt to stimulate lending, but the decision appeared to be widely received as disappointing.The announcement caused the euro to jump three per cent against the dollar — a large move.On Wall Street, the Dow Jones plunged 252.01 points at 17,477.67, the broader S&P 500 index declined 29.89 points to 2,049.62 and the Nasdaq lost 85.70 points to 5,037.53.In commodities, the February gold contract rose $7.40 to US$1,061.20 an ounce, the January crude contract was up $1.14 at US$41.08 per barrel and the January contract for natural gas was ahead 1.6 cents at US$2.18.The Canadian dollar was up 0.06 of a cent at 74.97 cents U.S. read more