Saturday, October 25th7.9°C
23711
23589

US stock market remains lower at midday on so-so economic data and weaker airline stocks

U.S. stocks are falling at midday as lacklustre news about the economy and declines in airline stocks weigh on the market.

The Dow Jones industrial average was down 62 points, or 0.4 per cent, to 16,780 as of 12:07 p.m. Eastern time Thursday. The Standard & Poor's 500 was off seven points, or 0.4 per cent, to 1,936. The Nasdaq slipped 12 points, or 0.3 per cent, to 4,319.

Consumer spending rose 0.3 per cent last month, the government said, just shy of the 0.4 per cent increase that economists expected.

Energy stocks rose broadly on fears that insurgent victories in Iraq could disrupt global oil supplies.

Higher crude prices helped push down airline stocks. Delta Air Lines fell $2.05, or 5 per cent, to $38.66. Southwest Airlines dropped $1.21, or 4.5 per cent, to $25.73.

The Canadian Press


Read more Business News

23658


Recent Trending




Today's Market
S&P TSX14543.82+56.99
S&P CDNX805.45-3.15
DJIA16805.41127.51
Nasdaq4483.715+30.923
S&P 5001964.58+13.76
CDN Dollar0.8901-0.0003
Gold1231.20+2.10
Oil81.02-0.73
Lumber336.40+6.80
Natural Gas3.631+0.009

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07+0.015
Anavex Life Sciences0.194-0.004
Metalex Ventures0.045+0.005
Russel Metals33.39+0.23
Copper Mountain Mining2.03-0.05
Colorado Resources0.145+0.005
ReliaBrand Inc0.012-0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.445+0.035

 



23890

FEATURED Property
2084211103-150 Mallach Road
3 bedrooms 3 baths
$259,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


22786