Wednesday, October 22nd9.5°C
23840
22916

Stocks slide as traders worry about Ukraine-Russia tension; Energy stocks are hardest hit

NEW YORK, N.Y. - The stock market fell to its lowest point since May as traders worried that tensions between Russia and Ukraine could flare up.

Energy stocks were among the biggest decliners. Halliburton and Devon Energy each fell 3 per cent.

The Dow Jones industrial average lost 139 points, or 0.8 per cent, to close at 16,429 Tuesday. It was down almost 200 points in early afternoon trading.

The Standard & Poor's 500 index fell 18 points, or 1 per cent, to 1,920. The Nasdaq composite lost 31 points, or 0.7 per cent, to 4,352.

Target fell 4 per cent after the company lowered its second-quarter earnings forecast, citing discounts it had to use to attract shoppers.

Bond prices were little changed. The yield on the 10-year Treasury note held steady at 2.48 per cent.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14312.07-235.64
S&P CDNX808.00-14.28
DJIA16461.32-153.49
Nasdaq4382.847-36.632
S&P 5001927.11-14.17
CDN Dollar0.8889-0.0006
Gold1243.00-2.50
Oil79.94-0.19
Lumber330.40+1.70
Natural Gas3.658-0.001

 
Okanagan Companies
Pacific Safety0.12+0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.055-0.025
Anavex Life Sciences0.198+0.006
Metalex Ventures0.05+0.005
Russel Metals32.53-0.56
Copper Mountain Mining2.10-0.07
Colorado Resources0.145-0.005
ReliaBrand Inc0.013+0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.405-0.055

 





FEATURED Property
1905706574 Vintage Terrace Road
8 bedrooms 8 baths
$555,500
more details
image2image2image2
Click here to feature your property
Please wait... loading


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...


Experts share strategies in Kelowna

The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...

_








Member of BC Press Council


23741