Sunday, November 23rd3.0°C
22246
24212

Stocks slide after Fed cuts stimulus; Weak earnings, emerging market woes also weigh

NEW YORK, N.Y. - Stocks are sharply lower following weak earnings from several U.S. companies, more trouble in emerging markets and economic stimulus cuts from the Federal Reserve.

The Standard & Poor's 500 index fell 18 points, or 1 per cent, to close at 1,774 Wednesday. The S&P 500 has ended lower on four of the last five days.

The Dow Jones industrial average lost 189 points, or 1.2 per cent, to 15,738. The Nasdaq composite dropped 46 points, or 1.1 per cent, to 4,051.

The stock market opened lower after companies including Boeing and AT&T gave weak earnings outlooks and investors worried about plunging currencies in developing countries like Turkey and South Africa.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.69 per cent from 2.75 per cent late Tuesday.

The Canadian Press


Read more Business News

24120


Recent Trending




Today's Market
S&P TSX15111.13+35.95
S&P CDNX789.135.56
DJIA17810.0691.06
Nasdaq4712.97+11.102
S&P 5002063.50+10.75
CDN Dollar0.8896-0.0005
Gold1197.70+10.60
Oil76.51+0.87
Lumber331.00+4.50
Natural Gas4.266-0.253

 
Okanagan Companies
Pacific Safety0.155-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.30+0.03
Cantex0.04+0.005
Anavex Life Sciences0.178+0.008
Metalex Ventures0.03+0.005
Russel Metals31.62+0.82
Copper Mountain Mining2.24+0.06
Colorado Resources0.125-0.015
ReliaBrand Inc0.013-0.002
Sunrise Resources Ltd0.050.00
Mission Ready Services0.35+0.015

 
23744




FEATURED Property
199887311603 Lakeshore Drive
5 bedrooms 6 baths
$1,599,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China: Part 2

As per my previous article on my visit to China, we have much to learn about and from their people. It is potentially the largest market on earth with 1.3 billion people in one country but much will d...


Retirement: Health Issues

Our health is really our greatest asset and maintaining our health is of tremendous importance. You want to do what you can to ensure that health issues will not jeopardize the enjoyment of your retir...


Be quiet already!

No, you’re not crazy. There really are voices in your head. Voices that keep you from doing what you need to do during your customer care calls. It can be the voice of your teachers, your parent...

_



24207

24158


Member of BC Press Council


24203