Sunday, May 24th17.2°C
26329

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

26255


Recent Trending




Today's Market
S&P TSX15200.76-2.85
S&P CDNX703.48+2.97
DJIA18232.02-53.72
Nasdaq5089.36-1.43
S&P 5002126.06-4.76
CDN Dollar0.8135+0.0002
Gold1204.30+1.30
Oil57.45-1.98
Lumber273.80+3.70
Natural Gas2.887-0.064

 
Okanagan Companies
Pacific Safety0.13-0.01
Knighthawk0.010.00
QHR Technologies Inc1.48+0.03
Cantex0.03-0.01
Anavex Life Sciences0.425+0.053
Metalex Ventures0.09+0.01
Russel Metals25.79-0.03
Copper Mountain Mining1.38-0.03
Colorado Resources0.105+0.005
ReliaBrand Inc0.0048-0.0049
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.175-0.010
Decisive Dividend Corporation2.20+0.60

 



26416

FEATURED Property
1866565409 Okaview Road, Kelowna, BC
4 bedrooms 5 baths
$1,195,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Do or do not

Photo: Thinkstock.com“The optimist sees the rose and not its thorns; the pessimist stares at the thorns, oblivious of the rose.” - Kahlil Gibran Good planning is all about managing chan...


Penetrate the smokescreen

Photo: ContributedHas this ever happened to you? You’re in the middle of your second or third “good discussion” with a prospect. Everything’s going great. The prospect seems en...


Squaring the circle

Photo: Thinkstock.comI have been reading about market segmentation and choice. Howard Moskowitz’s research into tomato sauce as retold by Malcom Gladwell on the TED talks (http://www.ted.com/tal...

_








Member of BC Press Council


25770