Stock End Lower for a Fourth Day; Falling Commodities Continue to Wear on Equities
Stocks closed lower for the fourth day in a row, bruised by the ongoing slide in commodity prices.
The S&P/TSX Composite Index finished the session down nearly 156 points to 13,455 -- its lowest close since Jan. 28. The index has now lost nearly 500 points, or about 3.5%, since an extended rally stalled out just short of the 14,000 mark last Thursday.
Crude oil fell sharply today, losing more than $10 to fall under $100 a barrel again after U.S. jobless claims unexpectedly rose, dragging down production and exploration firms. Precious and base metal miners also slid hard.
Industrial and healthcare firms both closed higher as other sectors lost support.
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