Friday, August 29th10.0°C
23003

US stock market slips in midday trading after discouraging news on Chinese exports

U.S. stocks are moving lower in midday trading following disappointing economic news from China and Japan.

The Standard & Poor's 500 index fell five points, or 0.3 per cent, to 1,872 as of noon Eastern time Monday.

The Dow Jones industrial average lost 76 points, or 0.5 per cent, to 16,375. The Nasdaq composite fell 11 points, or 0.3 per cent, to 4,324.

Investors were discouraged by an 18 per cent slump in Chinese exports last month, the latest sign of trouble for the world's second-largest economy. Japan lowered its estimate for fourth-quarter economic growth.

In the U.S., Chiquita Brands jumped 12 per cent after announcing it had agreed to combine with an Irish fruit supply company.

In bond trading, the yield on the 10-year Treasury note held steady at 2.79 per cent.

The Canadian Press


Read more Business News

22710


Recent Trending




Today's Market
S&P TSX15558.17-44.48
S&P CDNX1022.373.03
DJIA17079.57-42.44
Nasdaq4557.695-11.927
S&P 5001996.74-3.38
CDN Dollar0.9216+0.0009
Gold1281.70-2.1001
Oil94.94+0.39
Lumber349.40+2.40
Natural Gas3.965+0.054

 
Okanagan Companies
Pacific Safety0.195-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.08+0.01
Anavex Life Sciences0.240.00
Metalex Ventures0.075-0.005
Russel Metals36.39-0.21
Copper Mountain Mining2.91-0.05
Colorado Resources0.180.00
ReliaBrand Inc0.099-0.016
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.25+0.01

 



22710

FEATURED Property
1978450#65,3535 Casorso Rd, KELOWNA
3 bedrooms 2 baths
$249,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....


Understanding community

I had the chance to catch up with my real estate broker this week and they are going through a “brand change”. They are moving away from the franchise brand to a locally branded operation...


How much mortgage should you carry?

There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...

_





22885


Member of BC Press Council


22097