Materials Sector: Cent and P Tsx

materials sector: In Toronto, the S&P/TSX composite index dropped 188.09 points, or 1.22 per cent, at 15,197.18, with all sectors finishing the day negative, according to The Toronto Star. Gold was the biggest decliner on the market, losing 4.55 per cent, followed by the materials sector at 2.77 per cent and energy sector at 2.28 per cent. Frank Gunn / THE CANADIAN PRESS By Linda Nguyen The Canadian Press Wed., Dec. 14, 2016 The decision by the U.S. Federal Reserve to hike interest rates for the first time this year left North American stock markets in the red Wednesday, even though the move had been anticipated for several weeks. On Wall Street, the Dow Jones industrial average lost 118.68 points to 19,792.53 and the S&P 500 slipped 18.44 points to 2,253.28. The Fed announced it was raising its key interest rate by a quarter point to a range of 0.5 to 0.75 per cent due to signs of a growing economy and expectations for higher inflation. The Nasdaq composite edged down 27.16 points to 5,436.67. (news.financializer.com). As reported in the news.