TORONTO — Canada's main stock index more than wiped out its gains from the day before on Thursday, declining 1.7 per cent with most major sectors down, while...
TORONTO — Canada's main stock index more than wiped out its gains from the day before on Thursday, declining 1.7 per cent with most major sectors down, while U.S. markets also fell.In New York, the Dow Jones industrial average was down 494.82 points at 40,347.97. The S&P 500 index was down 75.62 points at 5,446.68, while the Nasdaq composite was down 405.26 points at 17,194.14.
The biggest tech names on Wall St. led losses, with Nvidia down 6.7 per cent, while Amazon was down 1.6 per cent and Tesla lost 6.6 per cent. With the Fed set to start cutting interest rates next month, Tozser thinks the Bank of Canada will cut rates once again as well, given ongoing weakness in the economy under the weight of higher rates.
The December gold contract was up US$7.80 at US$2,480.80 an ounce and the September copper contract was down nine cents at US$4.08 a pound.Things to know about the largest US-Russia prisoner swap in post-Soviet history
Tech Companies Jennifer Tozser
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