Stocks Fall in Volatile Trading

Stocks lost ground in volatile trading on Friday, as investors struggled to find support after the Dow Jones Industrial Average posted its worst day since 2020.

The 30-stock index waned 173.6 points to 32,824.37.

The S&P 500 slid 12.14 points to 4,134.73,

The NASDAQ Composite dropped 48.68 points, to 12,269.01.

Technology stocks bore the brunt of Thursday’s fall, with cloud companies, e-retailers and mega-cap names seeing steep declines.

The largest stocks in the market shuffled between gains and losses on Friday. Shares of Amazon and Apple each held on to slight gains, while Alphabet and Microsoft dipped.

Energy was a bright spot for the market, with EOG Resources jumping 5%.

Speculative areas of the market such as biotech and solar energy were hit hard on Friday. Illumina dropped more than 12%, while Enphase Energy fell 6%.

On the earnings front, shares of Under Armour dropped more than 22% after the … Read more

TSX Whimpers to End Week

Stocks ended a nightmare week with more loss spread over a broad base of stocks.

The S&P/TSX Composite finished lower Friday 62.89 points to 20,633.28, the decline on the week being 129 points, or 0.62%.

The Canadian dollar skidded 0.37 cents at 77.59 cents U.S.

Techs suffered the hardest blows, with Shopify wounded $39.57, or 7.5%, to $490.06, while Dye & Durham lost $1.21, or 6.6%, to $17.27.

In the real-estate sector, Tricon Capital fell 40 cents, or 2.4%, to $16.62, while Granite REIT subtracted $2.53, or 2.8%, to $86.93.

Health-care stocks also too their knocks, with Bausch Health off 89 cents, or 4.1%, to $20.62, while Aurora Cannabis slid 12 cents, or 3.2%, to $3.61.

Utilities tried to restore some balance, with Transalta Renewables gaining 34 cents, or 2.4%, to $14.11, while Fortis added $1.35, or 2.2%, to $63.01.

In communications, TELUS jumped 70 cents, or 2.2%, to $32.33, … Read more