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TSX Down 17 Points Mid-Afternoon; Energy Remains Strong Amid Widespread Decline, Healthcare Sinks Further

Highs and Lows Stock Data

The TSX was down by about 17 points mid-afternoon at 14875.33, as disappointing U.S. retail sales data for May continued to hurt investor sentiment. SW8 Asset Management President Matt Skipp reportedly said: "Economic statistics in the United States aren't exactly fantastic. They are mildly disappointing."

Concerns over the increasing violence in Iraq, however, has been keeping crude oil prices in the green, boosting energy stocks, in turn. Energy remained strong amid broad decline, up 1.30%, with crude oil rising 1.50% to US$105.97 a barrel.

Meanwhile, healthcare was still the weakest sector, down 2.44%, as Valeant Pharmaceuticals (VRX.TO) tumbled 4%, possibly still on news its takeover target Botox-maker Allergan ( AGN ) officially rejected its offer. Miners fell 1.10%, along with copper prices . The heavyweight financials were off 0.62%.

More than 218 million shares have changed hands so far. There were 748 advancers and 768 decliners.

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

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

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