Equity markets in
The S&P/TSX composite index was down 44.48 points to close at 15,558.17
The Canadian dollar was up
Base metals stocks weighed most heavily on the markets Thursday as Lundin Mining took a header of
Bank shares had a strong run-up before their earnings and portfolio managers said that expectations may have gotten ahead of themselves.
Financials, the index's most heavily weighted sector, dwindled as TD shares lost 0.8%, to
Shares of energy producers were down, though Suncor Energy made its way upward by
Gold stocks led the parade of winners, as Barrick Gold added
Nine of the 14 Toronto subgroups were lower, as metals and mining hurtled earthward 2.2%, while global base metals fell 1.9%, and information technology lost 1.1%.
The five gainers were led by gold, up 0.8%, utilities, up 0.7%, and consumer staples, up 0.6%.
U.S. stocks stepped back Thursday, with the S&P 500 retreating from 2,000 and halting its three-day winning streak. Many market watchers blamed the decline on fresh Russian aggression toward
The Dow Jones Industrials slumped 42.44 points to 17,079.57.
The S&P 500 retreated 3.38 points to 1,996.74. The NASDAQ shed 11.92 points to 4,557.70.
Abercrombie & Fitch Co. and Williams-Sonoma Inc. finished down 4.8% and 12%, respectively, after their quarterly earnings reports, while Signet Jewelers Ltd. rose 7.7% in the wake of its results.
Visa Inc. fared worst among Dow components, falling 1.2% after
The government in
On the economic beat, the second estimate for second-quarter U.S. gross domestic product indicated expansion of 4.2%. Economists polled by
Weekly jobless claims came in at 298,000, a slightly more encouraging result than what was expected by economists surveyed by
Prices for 10-year U.S. Treasuries gained ground, lowering yields to 2.33% from Wednesday's 2.36%. Treasury prices and yields move in opposite directions.
Oil prices were up
Gold prices surged
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