Friday, April 18th9.1°C
21417
20358

US stocks dive on concerns about global growth; Dow drops more than 320 points

NEW YORK, N.Y. - The U.S. stock market had its worst day in more than seven months, and the Dow Jones industrial average plunged more than 320 points, as reports of sluggish U.S. growth added to worries about the global economy.

The Dow fell 326.05 points, or 2.08 per cent, to close at 15,372.80 Monday. The index fell as much as 342 points in the afternoon. The Standard & Poor's 500 index lost 40.70 points, or 2.28 per cent, to 1,741.89. The Nasdaq slid 106.92 points, or 2.6 per cent, to 3,996.96

Investors moved into safer assets such as U.S. Treasurys. The yield on the 10-year note fell to 2.58 per cent from 2.65 per cent Friday.

A report Monday showed that U.S. manufacturing barely expanded last month. Signs of weakness in China's manufacturing sector added to worries about developing economies.

The Canadian Press


Read more Business News

21115


Recent Trending




Today's Market
S&P TSX14500.39+53.87
S&P CDNX998.770.80
DJIA16408.54-16.31
Nasdaq4095.516+9.291
S&P 5001864.85+2.54
CDN Dollar0.9072-0.0012
Gold1293.80-9.2999
Oil104.59+0.83
Lumber326.10-2.70
Natural Gas4.735+0.205

 
Okanagan Companies
Pacific Safety0.115+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.29+0.07
Cantex0.055+0.01
Anavex Life Sciences0.3750.00
Metalex Ventures0.08+0.005
Russel Metals30.66+0.11
Copper Mountain Mining2.35-0.07
Colorado Resources0.255-0.01
ReliaBrand Inc0.12-0.01
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.25+0.02

 
19691


21522

FEATURED Property
1928713852 Fuller Avenue
3 bedrooms 2 baths
$425,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Learning to flirt with the edge

With all of the adventure activities I have done and still do, I wonder sometimes if the edge still exists. The systematic approach to learning a new adventure or extreme activity combined with the r...


Time spent prospecting

How much time should you put into prospecting? The question is a bit of a puzzle. Ideally, there would be a reference book that lists, by industry, how much time you should invest in prospecting acti...


Valuation fears grip markets

The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...

_



21637

21368


Member of BC Press Council


21188