Markets

TSX Down 75 Points Mid-Afternoon; Financials, Info Tech Still In The Red

The TSX fell 75 points in the mid-afternoon session, with financial and info tech stocks still leading the decline.

Global stocks were under pressure amid U.S. President Donald Trump's latest moves, specifically on immigration and drug prices. Action Economics said Trump referenced "unfair" FX devaluations hurting pharma and other industries, though that has been a theme since the campaign.

Financial and info tech stocks tumbled 1.1% and 1.0%, respectively. On the positive side, miners advanced 1.1% while metals added 0.2%.

Total volume traded was 227.8 million shares. New Gold (NGD.TO) was the most actively traded stock.

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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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