Manulife Asset Management and Luciano Orengo

Dow Jones industrial average: The Dow Jones industrial average was down 170.69 points at 17,905.58, the Nasdaq index fell 40.11 points to 5,059.12, and the S&P 500 declined 18.23 points to 2,095.84, according to The Toronto Star. Luciano Orengo, portfolio manager at Manulife Asset Management, said news stories from Europe signalling volatility and the continuing efforts of the OPEC oil cartel to keep prices low are affecting both Canada and the rest of the world. The Toronto stock market S&P/TSX composite index was down 135.29 points to 15,019.39, with falls in every subsector of the market. The headlines are not positive, he said. You really need to keep pumping it to keep it going up. The market is really like a hot air balloon. (news.financializer.com). As reported in the news.