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. The S&P/TSX composite index closed down 387.60 points at 22,723.
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 U.S. 10-year bond yield fell below four per cent Thursday, which would normally boost the market, but negative sentiment and nervousness around tech earnings took over, she said. However, Meta’s stock rose almost five per cent Thursday, helping staunch some of the bleeding on Wall St. It reported better-than-expected earnings the evening before.
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