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TSX Hits Near 3 Month Low as The Sell-Off Continues ….

Stockhouse Editorial
2 Comments| January 24, 2022

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Weighing heavily on investors’ minds on Monday was a sell off last week with the main indexes ending sharply lower and continuing that downward trend into this week. Canada’s main stock index lost more ground thanks to another broad decline led by the energy sector.

Despite a rebound later in the day, Wall Street’s major indexes also tumbled earlier as the prospect of a Russian attack on Ukraine roiled global markets ahead of a Federal Reserve policy meeting later this week. Traders also digested new data that found that US output growth slowed to an 18-month low in January, as the Omicron wave exacerbates supply delays and labor shortages. COVID-19 cases in the US hit record levels at over one million a day earlier this month, leading to labour shortages and supply chain disruption.

Today in the Markets

TSX 20,571.30 -50.09 Click to enlarge
TSXV 838.41 -18.21 Click to enlarge
CSE 458.39 -7.84 Click to enlarge
DJIA 33,342.77 +77.00 Click to enlarge
NASDAQ 13,855.13 +86.21 Click to enlarge
S&P 500 4,400.89 +2.95 Click to enlarge

The Canadian dollar traded for 79.12 cents US compared with 79.80 cents US on Friday.

Crude oil prices were down 0.45 to $82.69.

The price of gold was down 3.67 to $1,830.97.

In world markets, the Nikkei was up 66.11 points to 27,588.37, the Hang Seng was down 309.09 points to 24,656.46, the FTSE was down 201.95 points to 7,297.15, and the DAX was down 624.71 points to 15,011.13.


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CGX Energy Inc V.OYL 1176
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Chalice Brands Ltd. C.CHAL 1011


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Comments

Monday was a "fleece the noobies day"
(63)
January 25, 2022

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