The TSX posted another triple-digit loss Wednesday, with investors stepping away from equities as commodity prices slid and U.S. recession fears grew. At the close, the S&P/TSX composite index was down 242 points at 13,075. At its worst level of the day - shortly before 11 a.m. ET - it was down by 327 points. The benchmark index of the TSX fell 381 points on Tuesday, bringing its two-day loss to 623 points - a 4.5 per cent slide. Every sector on the TSX, with the exception of information technology, closed in negative territory. The golds, energy, materials, and metals and mining groups took the biggest hits. Commodity stocks tumbled on fears that if there's a recession in the U.S., the demand for commodities would fall. Standard & Poor's economist, David Wyss, says the Toronto market's heavy concentration in commodities and financials have led to such big drops recently, as those two sectors are going through...
Pakistani stocks fell over four percent in early trade on Wednesday (August 27) to their lowest level in more than two years as investors sold blue chips such as energy company, OGDC, amid...
Asia stocks slid on geopolitical tensions on Friday, while gold and oil prices rose. MOREINFO: Japan's stock market ended the trading year on a sour note with markets shut for a holiday on Monday....
A late-day selling frenzy gathered momentum as investors worried about everything from financials to telecom to technology. The Dow lost 238 points for the day. The S&P 500 fell roughly 26. The...
President Mwai Kibaki rang the trading bell at the Nairobi Stock exchange signalling the biggest stock market flotation in East Africa. Safaricom shares surged 60 percent on the first day of...
Many Asian stock markets rose on Thursday after central banks moved to boost liquidity in stormy financial markets. The U.S., European and Swiss Central banks extended emergency lending to...
The Toronto stock market staged a dramatic rebound Tuesday as an emergency rate cut from the U.S. Federal Reserve and a smaller cut by the Bank of Canada persuaded investors to wade back into the...
A late-day spike in oil finally forced the Dow and the Nasdaq to close in bear market territory. A bear market is when stocks fall 20 percent from their all-time high. The Dow dropped 166 points....
A parade of positive earnings led the stock market to its best gain in two weeks. The Dow surged 256 points. The S&P 500 rallied 30 points. The Nasdaq jumped 64, a gain of 2.8 percent. Intel...
A boost for Taiwan stocks on Monday as investors took cheer that a newly elected president will boost trade ties with mainland china. Taipei's main TAIEX jumped 4 percent, at one point staging its...
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