Wednesday, September 2nd12.4°C
27215
26758

US stock market closes out its worst week in two years, interrupting a prolonged rally

NEW YORK, N.Y. - The U.S. stock market is closing out its worst week in two years.

Traders moved money into investments traditionally seen as having lower risk Friday, such as U.S. government bonds, gold and utility stocks.

Energy stocks fell after Chevron reported weaker oil and gas production.

The Dow Jones industrial average lost 69 points, or 0.4 per cent, to 16,493. The Dow has lost 387 points over the past two days. The slump interrupted five months of steady gains.

The Standard & Poor's 500 index fell five points, or 0.3 per cent, to 1,925. The S&P 500 lost 2.7 per cent this week, the biggest loss since June 2012.

The Nasdaq fell 17 points, or 0.4 per cent, to 4,352.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.49 per cent.

The Canadian Press


Read more Business News

26480


Recent Trending




Today's Market
S&P TSX13481.90-377.22
S&P CDNX547.97-11.51
DJIA16058.35-469.68
Nasdaq4636.10-140.40
S&P 5001913.85-58.33
CDN Dollar0.7547+0.0002
Gold1140.40+1.70
Oil44.54-0.87
Lumber233.50-1.50
Natural Gas2.672-0.030

 
Okanagan Companies
Pacific Safety0.175-0.010
Knighthawk0.010.00
QHR Technologies Inc1.18-0.05
Cantex0.04-0.01
Anavex Life Sciences1.32-0.03
Metalex Ventures0.05-0.00
Russel Metals21.21-0.90
Copper Mountain Mining0.62-0.01
Colorado Resources0.085+0.010
ReliaBrand Inc0.0045+0.0005
Sunrise Resources Ltd0.015-0.005
Mission Ready Services0.085+0.000
Decisive Dividend Corp2.50-0.25

 



27509

FEATURED Property
235843013-1985 Burtch Rd
3 bedrooms 2 baths
$245,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Agree to ask questions

Photo: Thinkstock.comThe STORY: I think, said Janet to herself, that I just figured out a solution to my problem of letting the prospect run the meeting.With that thought in mind, she got out of her c...


Your business is not a bank

Photo: Thinkstock.comYour plumbing business is not a bank. But when you are giving terms to customers that exceed what you get from your suppliers, you become one. And every time that someone does not...


Begin with the end in mind

Photo: ContributedWe humans love our dates: birthdays, anniversaries, 9/11, the Ides of March - our lives are intimately woven within the tapestry of the calendar. So it should come as no surprise whe...

_








Member of BC Press Council


25143