TSX Down 32 Points Mid-Afternoon; Industrials, Financials, Energy Turn Negative


Shutterstock photo

The Canadian benchmark index widened its earlier loss and fell 32 points mid-afternoon, reaching 14252.04. The TSX was in the green in the morning session but gave back its gains after lackluster gold prices continued to put mining stocks under pressure.

The worsening crisis in Ukraine, which was declared by Russia as on the brink of a civil war, spooked equity investors but failed to boost the price of safe-haven asset gold.

The mining sector was down 2.5%, with the price of bullion tumbling 2%. The energy, financials, and industrial sectors were also negative, down 0.02%, 0.07%, and 0.1%, respectively, reversing their earlier upward trend. Energy stocks were weighed down by the weakness in crude oil prices .

In the positive territory, info tech and utilities were both up 0.3%. Healthcare gained 0.2%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com