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Stockhouse @ the Bell: Volatility continues on Bay Street & Wall Street

Stockhouse Editorial
0 Comments| October 29, 2018


Volatility continued for global markets on Monday. All 11 of the TSX’s major sectors were down. Energy stocks fell 3% as the price of oil went down and cannabis companies continued to lead healthcare declines with Aurora Cannabis falling 16.1%, Canopy Growth Corp. losing 14.2% and Aphria Inc. falling 17.3%.

Wall Street posted early gains, but it was not to be, as the Dow fell more than 300 points by midday, erasing its earlier gains and U.S. markets followed suit. The S&P nearly confirmed its second correction of 2018. Europe’s auto sector saw a healthy increase while Asian stocks took a hit after China’s blue-chip index tumbled.
 
The S&P/TSX Composite Index was down 166.51 points to 14,721.75, the TSX Venture Exchange was down 13.40 points to 630.18.
 
The Canadian dollar was down $0.0023 remaining at 76 cents.
 
Crude oil prices were down $1.10 to $66.49.
 
The price of gold was down $3.78 to $1,229.09.
 
In U.S. markets; the Dow tumbled 245.39 points to 24,442.92, the S&P 500 lost 17.44 points to 2,641.25, and the NASDAQ sunk 116.92 points to 7,050.29.
 
In world markets; the Nikkei gave back 34.74 points to 21,149.80, the Hang Seng rose 94.77 points to 24,812.04, the FTSE added 87.84 points to 7,026.32, and the DAX was up 136.48 points to 11,335.48.


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