Dow drops more than 1,000 points into correction territory
New York (BNN): U.S. stocks plunged anew on Thursday in another trading session with big swings, as equities remained in a tug-of-war with bond yields, volatility remained high, and investors saw no relief ahead in finding the bottom of the market.
The Dow Jones Industrial Average fell 1,032.89 points, or 4.15 per cent, to 23,860.46, the S&P 500 lost 100.58 points, or 3.75 per cent, to 2,581.08 and the Nasdaq Composite dropped 274.83 points, or 3.9 per cent, to 6,777.16.
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Canada’s main stock index tumbled on Thursday, closing at its lowest in nearly five months as a sell-off on Wall Street deepened and as a drop in oil prices hit energy shares.
The Toronto Stock Exchange’s S&P/TSX composite index ended down 265.03 points, or 1.73 per cent, at 15,065.55.