Sunday, September 21st9.6°C
23284

Tech shares slide again, bringing US stock market lower; GameStop slumps

NEW YORK, N.Y. - U.S. stocks are moving lower in midday trading as technology shares slump again.

Video game store chain GameStop sank 7 per cent after reporting lower sales and income than investors were expecting. GameStop will also close 2 per cent of its stores.

Citigroup fell 6 per cent after the Federal Reserve denied the bank's request to raise its dividend and buy back more stock.

The Standard & Poor's 500 index fell seven points, or 0.4 per cent, to 1,844 as of midday Thursday. The index turned negative for the year.

The Dow Jones industrial average fell 37 points, or 0.2 per cent, to 16,231. The tech-heavy Nasdaq composite lost 32 points, or 0.8 per cent, to 4,140.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.69 per cent.

The Canadian Press


Read more Business News

22970


Recent Trending




Today's Market
S&P TSX15265.35-200.19
S&P CDNX955.06-10.73
DJIA17279.7413.75
Nasdaq4593.426-13.637
S&P 5002010.40-0.96
CDN Dollar0.9126+0.0004
Gold1216.90-10.00
Oil92.45-0.62
Lumber329.00-0.90
Natural Gas3.911-0.064

 
Okanagan Companies
Pacific Safety0.16-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.37+0.05
Cantex0.05-0.01
Anavex Life Sciences0.223-0.0031
Metalex Ventures0.060.00
Russel Metals35.75-1.26
Copper Mountain Mining2.66-0.02
Colorado Resources0.165-0.01
ReliaBrand Inc0.0249+0.0009
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.29-0.01

 



23171

FEATURED Property
16320279-3985 Westside Road
10064603 bedrooms
$849,000
more details
image2
Click here to feature your property
Please wait... loading


Disruptive innovation

Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...


Executors and their duties

There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...


Power-save your way to a down payment

Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...

_








Member of BC Press Council


23087