Tuesday, September 30th13.7°C
23366
22501

US stocks turn lower as technology sector declines; CarMax skids on profit slump

NEW YORK, N.Y. - Stocks are turning lower on Wall Street in midday trading, erasing an early gain.

The Standard & Poor's 500 index fell seven points, or 0.4 per cent, to 1,881 as of noon (1600 GMT) Friday. The Dow Jones industrial average fell 32 points, or 0.2 per cent, to 16,539.

Technology stocks fell sharply, pulling the Nasdaq composite index lower. The Nasdaq dropped 72 points, or 1.7 per cent, to 4,249.

The market opened slightly higher as traders were encouraged by news that U.S. employers added to their payrolls last month. The overall report was mixed, however, and the unemployment rate remained steady at 6.7 per cent.

CarMax slumped 3 per cent after the used car seller said its quarterly income fell as the effects of an accounting correction offset higher vehicle demand.

The Canadian Press


Read more Business News

23489


Recent Trending




Today's Market
S&P TSX14976.92-49.85
S&P CDNX912.76-6.66
DJIA17071.22-41.93
Nasdaq4505.853-6.341
S&P 5001977.80-5.05
CDN Dollar0.8944-0.0015
Gold1207.00-11.80
Oil92.61-0.17
Lumber334.30+5.40
Natural Gas4.122-0.032

 
Okanagan Companies
Pacific Safety0.135-0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.23+0.01
Cantex0.09+0.03
Anavex Life Sciences0.185-0.01
Metalex Ventures0.0550.00
Russel Metals34.49-0.54
Copper Mountain Mining2.52+0.11
Colorado Resources0.150.00
ReliaBrand Inc0.020.00
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.34-0.02

 



23561

FEATURED Property
19019706306 Faircrest Street
4 bedrooms 3 baths
$1,100,000
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 ...

_








Member of BC Press Council


22632