composite index: The S P/TSX composite index tumbled 166.8 points to 13,869.88 as the TSX fell further into correction territory, losing 12 per cent since the record highs of early September. It is close to shedding all its gains for the year, according to The Toronto Star, Canada. The Nasdaq lost 11.85 points to 4,215.32 and the S P 500 index declined 15.21 points to 1,862.49 and Investors should prepare for a rough ride in the coming weeks as stock markets in Canada and the United States continue to fluctuate, resulting in big swings. U.S. markets moved closer to a formal correction, defined as a plunge of at least 10 per cent from recent peaks. The Dow Jones industrials fell 173.45 points to 16,141.74.
(news.financializer.com). As
reported in the news.
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