Bullboard - Stock Discussion Forum Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s): CLSPF | T.LFE.PR.B

The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the... see more

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Canadian Life Companies Split Corp > Global markets crash

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Post by mouserman on Aug 05, 2024 12:05pm

Global markets crash

Wall Street's stock sell-off intensified in a major way Monday as concerns mounted over the health of the US economy.

The Dow Jones Industrial Average (^DJI) lost over 1,000 points. The Nasdaq Composite (^IXIC) was crushed by over 4% after the tech-heavy index entered into a correctionwith Friday's sharp losses. The S&P 500 (^GSPC) losses cascaded over 3%.

Wall Street's "fear gauge" — the CBOE Volatility Index (^VIX) — soared, reaching its highest level since the early days of the COVID-19 pandemic. Treasury yields plummeted, with the benchmark 10-year Treasury yield (^TNX) sinking below 3.8%.