Thursday, October 2nd9.9°C
22738
22497

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

20759


Recent Trending




Today's Market
S&P TSX14805.44-155.069
S&P CDNX896.35-12.94
DJIA16804.71-238.19
Nasdaq4422.085-71.305
S&P 5001946.16-26.13
CDN Dollar0.9005+0.0049
Gold1215.10-0.40
Oil88.03-1.08
Lumber344.10+6.30
Natural Gas4.046+0.023

 
Okanagan Companies
Pacific Safety0.135+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.22-0.04
Cantex0.075+0.01
Anavex Life Sciences0.1804-0.0036
Metalex Ventures0.0550.00
Russel Metals34.68+0.11
Copper Mountain Mining2.29-0.13
Colorado Resources0.16-0.005
ReliaBrand Inc0.019-0.001
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.31-0.01

 



22551

FEATURED Property
2053737980 Skyline Road
4 bedrooms 3 baths
$425,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...


A wildly successful manufacturer

Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...


Finding the smart money

Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...

_



23545




Member of BC Press Council


23266