Thursday, March 5th3.8°C
25326
24949

S&P 500 extends losses at midday after World Bank cuts growth outlook

The U.S. stock market is falling at midday after the World Bank cut its outlook for global growth.

The Standard & Poor's 500 index slipped five points, or 0.3 per cent, to 1,945 as of 12 p.m. Eastern time Wednesday. The Dow Jones industrial average fell 84 points, or 0.5 per cent, to 16,861. The Nasdaq fell less than two points, or 0.03 per cent, to 4,336.

The World Bank said in a report late Tuesday that it expects global growth of 2.8 per cent this year, compared with a January estimate of 3.2 per cent.

The stock market remains near all-time highs after a slow and steady climb since April.

Synaptics jumped 25 per cent after the maker of touch-screen technology said it would buy smartphone and tablet chipmaker Renesas SP Drivers for $475 million.

The Canadian Press


Read more Business News

25194


Recent Trending




Today's Market
S&P TSX15103.11+20.271
S&P CDNX696.92-1.17
DJIA18135.72+38.82
Nasdaq4982.81+15.668
S&P 5002101.04+2.51
CDN Dollar0.8007-0.0003
Gold1196.30-4.2999
Oil52.67+0.12
Lumber287.00-3.70
Natural Gas2.844+0.003

 
Okanagan Companies
Pacific Safety0.13-0.005
Knighthawk0.010.00
QHR Technologies Inc1.65+0.10
Cantex0.035-0.005
Anavex Life Sciences0.184+0.004
Metalex Ventures0.045+0.005
Russel Metals24.27-0.68
Copper Mountain Mining1.240.00
Colorado Resources0.130.00
ReliaBrand Inc0.0065-0.0015
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.22-0.005

 





FEATURED Property
221075111-450 Yates Road
4 bedrooms 3 baths
$529,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Refinance your mortgage?

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which will save new buyers and those with mo...


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


It's OK to say 'I'm sorry'

Photo: ContributedStand-up comedians and sitcoms have been making fun of Canadians for being polite as long as I can remember. Being known for our niceness is certainly not a bad thing and I wish more...

_








Member of BC Press Council


25413