Tuesday, July 22nd14.6°C
21452
22372

Stocks slide on Wall Street; Volatile biotechnology sector takes another plunge; eBay down

NEW YORK, N.Y. - U.S. stocks are heading lower after a mixed batch of corporate earnings reports. Biogen Idec, Gilead Sciences and other biotech companies extended their recent slump.

The Standard & Poor's 500 index fell 15 points, or 0.8 per cent, to 1,856 as of noon (1600 GMT) Thursday.

The Dow Jones industrial average lost 75 points, or 0.5 per cent, to 16,361. The Nasdaq composite index dropped 75 points, or 1.8 per cent, to 4,108.

Ebay dropped 3 per cent on news that Carl Icahn is backing down from his campaign to shake up the company.

Biotechnology companies fell sharply. The sector has become volatile in recent weeks amid scrutiny over the cost of their drugs.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.63 per cent.

The Canadian Press


Read more Business News

21623


Recent Trending




Today's Market
S&P TSX15249.99-16.58
S&P CDNX1006.48-5.76
DJIA17051.73-48.45
Nasdaq4424.704-7.442
S&P 5001973.63-4.59
CDN Dollar0.9310-0.0003
Gold1313.40+4.2001
Oil105.16+0.57
Lumber327.80+1.50
Natural Gas3.852+0.003

 
Okanagan Companies
Pacific Safety0.20+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.150.00
Cantex0.055-0.005
Anavex Life Sciences0.348+0.008
Metalex Ventures0.065-0.005
Russel Metals34.99-0.16
Copper Mountain Mining2.69-0.01
Colorado Resources0.20-0.005
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.18-0.03

 



21623

FEATURED Property
2011113235- 1999 Hwy 97 N
2 bedrooms 1 baths
$67,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Labour shortage in BC

The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...


Learn to delegate effectively

Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...


Euro debt woes re-emerge

Big Picture Euro debt woes re-emerge Europe’s debt woes jumped back into the headlines this week trumping other economic, geopolitical and corporate developments. Word that one of Portugal&rsquo...

_








Member of BC Press Council


22685