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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...
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Stock market jitters

The TSX posted another triple-digit loss... (more)

Channel:Mediascrape Category:Business Views:27
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