DOWN
Financials fall on Manulife share sale
Canadian stocks fell for the first time in five days, led by financial companies, after U.S. mortgage delinquencies increased and Manulife said it plans to sell stock to build up capital. Manulife plunged 6.1 per cent, while Royal Bank fell 0.8 per cent.
DOWN
Energy companies slip as crude falls below $78
Crude oil dropped 2.7 per cent in New York to $77.46 (U.S.) a barrel as a stronger U.S. dollar lessened the appeal of commodities as a currency hedge. EnCana fell 2 per cent, while Suncor declined 0.8 per cent and Canadian Natural Resources dropped 1.2 per cent.
DOWN
S&P 500 stung by semiconductor downgrade
The S&P 500 slid 1.3 per cent, the most since October 30, as Bank of America downgraded the semiconductor sector. Intel and Texas Instruments lost at least 3.4 per cent. Semiconductor stocks in the S&P 500 lost 3.7 per cent as a group.
S&P/TSX COMPOSITE INDEX
11,6OO.30 -52.39 200,218,465,251 vol +29.07% ytd
S&P 500
1,094.90 -14.90 -1.34% +21.22% ytd
DOW JONES INDUSTRIAL AVERAGE
10,332.44 -93.87 -0.90% 196,245,441 vol +17.73% ytd
© The Globe and Mail
