The S&P/TSX composite index was down 46.75 points to pause for lunch at 15,555.90
The Canadian dollar was up
Bank shares had a strong run-up before their earnings and portfolio managers said that expectations may have gotten ahead of themselves.
TD shares lost 0.6%, to
Shares of energy producers were down, with Suncor Energy falling 0.3% to
Nine of the 14 Toronto subgroups were lower, as global base metals tanked 1.7%, their cousins among metals and mining drooped 1.4%, and financials were down 0.8%.
The four gainers were led by gold, up 0.8%, consumer staples, ahead 0.5%, and utilities, gaining 0.4%. Telecoms were flat at noon.
Tech stocks mostly retreated Thursday, following the broader market as investors showed more concern about the growing crisis in
The Dow Jones Industrials remained negative 50.78 points to 17,071.23.
The S&P 500 retreated 2.54 points to 1,997.58. The NASDAQ shed 5.09 points to 4,564.53.
The government in
Cloud-based human-resource software company Workday Inc. gave up 2% to fall to
Yelp Inc. gave up 1.2% to trade at
Declines also came from Hewlett-Packard Co., Netflix Inc. Amazon.com Inc. and IBM Corp.
Twitter Inc. shares rose 3.3%, to
Small gains also came from Apple Inc., Yahoo Inc., Lexmark International Inc. and VMware Inc.
On the economic beat, the second estimate for second-quarter U.S. gross domestic product indicated expansion of 4.2%. Economists had predicted 3.9% growth in GDP, down from an initial read of 4%.
Weekly jobless claims came in at 298,000, a slightly more encouraging result than what was expected by economists, who forecast 300,000.
Prices for 10-year U.S. Treasuries gained ground, lowering yields to 2.34% from Wednesday's 2.36%. Treasury prices and yields move in opposite directions.
Oil prices were up
Gold prices surged
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