Monday, July 6th13.1°C
25936
24949

US stocks down sharply at midday after reports of sluggish growth in the US economy

NEW YORK, N.Y. - U.S. stocks are falling sharply in midday trading, pushing the Dow Jones industrial average down more than 200 points, as investors react to reports of sluggish growth in the U.S. economy.

The decline adds to losses racked up by the market in January.

The Dow was down 183 points, or 1.2 per cent, to 15,516 at 11:26 a.m. (1626 GMT) Monday. The index fell as much as 206 points earlier. The Standard & Poor's 500 index lost 22 points, or 1.2 per cent, to 1,760. The Nasdaq slipped 58 points, or 1.4 per cent, to 4,046.

A report Monday showed that U.S. manufacturing barely expanded last month. Construction spending rose modestly in December, slowing from healthy gains earlier.

Fresh signs of weakness in China's manufacturing sector added to lingering worries about developing economies.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14682.39+44.40
S&P CDNX670.58-1.00
DJIA17730.11-27.80
Nasdaq4970.12-39.09
S&P 5002065.79-10.99
CDN Dollar0.7907-0.0027
Gold1162.20-0.80
Oil55.24-2.37
Lumber288.50+0.40
Natural Gas2.748-0.074

 
Okanagan Companies
Pacific Safety0.17+0.00
Knighthawk0.010.00
QHR Technologies Inc1.52-0.03
Cantex0.035-0.015
Anavex Life Sciences0.455+0.004
Metalex Ventures0.075+0.010
Russel Metals22.78-0.09
Copper Mountain Mining1.17+0.03
Colorado Resources0.09+0.03
ReliaBrand Inc0.006+0.000
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.165+0.005
Decisive Dividend Corporation3.00+0.50

 





FEATURED Property
22987502519 Hillsborough Rd
5 bedrooms 4 baths
$1,195,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Increase property value

Photo: Thinkstock.comHere are five of the best renovations you can do to your home to increase property value. These five renovations can sometimes have a return on investment five to six times what t...


Active listening

Has this ever happened to you? You had an initial meeting with a prospect. You asked that prospect what seemed to be all the right questions. You had what felt to you like a good conversation, and bas...


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...

_



26370

26928


Member of BC Press Council


26708