Toronto Stocks Slump
Equities in Canada’s largest market dropped Thursday, as health-care stocks tumbled and investors digested the latest GDP numbers. The SP|TSX lost 350.06 points to trade at 18,728.58. Gross domestic product rose 0.3% month-over-month in April Statistics Canada said Thursday. The April gain matched market expectations provided by TD Securities. On a one-year basis, GDP rose 5.0%. 13 of 20 industrial sectors expanded. The Canadian dollar skidded 0.14 cents to 77.54 cents U.S. ON BAYSTREET The TSX Venture Exchange retreated 8.97 points, or 2.9%, to 617.37. All of the 12 TSX subgroups lost ground Thursday, with health-care down 4.90%, Consumer Discretionary off 1.77% and Financial stocks bowing 1.76%. ON WALLSTREET Stocks in the U.S. fell sharply on Thursday, following a mixed trading day. The SP 500 is on track to finish its worst first half in decades. The Dow Jones Industrial Average lost 509 points, or 1.6%. The SP 500 skidded 1.2% and the Nasdaq Composite slipped 1.4%. Home retail stocks dragged the market lower as high-end furniture chain RH saw shares drop about 9%, after it issued a profit warning for the full year.
Toronto Stocks Slump
Equities in Canada’s largest market dropped Thursday, as health-care stocks tumbled and investors digested the latest GDP numbers. The SP|TSX lost 350.06 points to trade at 18,728.58. Gross domestic product rose 0.3% month-over-month in April Statistics Canada said Thursday. The April gain matched market expectations provided by TD Securities. On a one-year basis, GDP rose 5.0%. 13 of 20 industrial sectors expanded. The Canadian dollar skidded 0.14 cents to 77.54 cents U.S. ON BAYSTREET The TSX Venture Exchange retreated 8.97 points, or 2.9%, to 617.37. All of the 12 TSX subgroups lost ground Thursday, with health-care down 4.90%, Consumer Discretionary off 1.77% and Financial stocks bowing 1.76%. ON WALLSTREET Stocks in the U.S. fell sharply on Thursday, following a mixed trading day. The SP 500 is on track to finish its worst first half in decades. The Dow Jones Industrial Average lost 509 points, or 1.6%. The SP 500 skidded 1.2% and the Nasdaq Composite slipped 1.4%. Home retail stocks dragged the market lower as high-end furniture chain RH saw shares drop about 9%, after it issued a profit warning for the full year.