US stock market moves lower at midday following a modest recovery the day before
The U.S. stock market is mostly lower in midday trading as a survey on hiring did little to ease uncertainty over the health of America's economy.
The Dow Jones industrial average edged up six points to 15,451 in midday trading on Wednesday. The Standard & Poor's 500 index was down two points to 1,751. The Nasdaq slipped 16 points to 4,014.
A private survey on Wednesday showed that U.S. businesses added jobs at a steady but modest pace in January, a sign that hiring has rebounded after a disappointing December. Investors are also looking ahead to a key government report on job growth, due out Friday.
Freight transportation company C.H. Robinson Worldwide fell the most among companies on the S&P 500 index. It dropped $5.30, or 9 per cent to $53.34.
Read more Business News
- Family condemns RCMP BC
- Child pornography sentencePenticton / S. Okanagan
- Bobbitt hearing continuesPenticton / S. Okanagan
- Inquest into teen's Mill deathVernon / N. Okanagan
|QHR Technologies Inc||1.12||+0.01|
|Anavex Life Sciences||0.191||+0.001|
|Copper Mountain Mining||1.99||+0.05|
|Sunrise Resources Ltd||0.06||0.00|
|Mission Ready Services||0.45||0.00|
This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...
Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...
The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...