Showing posts with label Decline. Show all posts
Showing posts with label Decline. Show all posts

Monday, June 18, 2007

Canadian Energy Stocks, Encana, May Fall; Metals Shares May Gain With Gold

(Bloomberg) -- Canadian energy stocks including EnCana
Corp. may decline along with crude oil prices, which retreated
today from a nine-month high.

Declines in the broader market may be limited as raw-materials
producers including Goldcorp Inc. advance on higher bullion and
copper prices.


Read more at Bloomberg Stocks News

Tuesday, February 27, 2007

From bad to worse for US stocks

A computer glitch triggered a sudden plunge in the Dow Jones industrial average at mid-afternoon Tuesday, turning an already bad day in stocks into a head-turning spectacle.

Dow Jones & Co, the media company that manages the well-known index of 30 blue chip stocks, said it discovered shortly before 14:00 that its computers were not properly handling the day's huge volume in trades at the New York Stock Exchange.

It switched to a backup computer, and the result was a massive swoon in the index as the secondary system took over processing shortly before 15:00.

The Dow plunged about 200 points almost instantly, and was down as much as 546 points - its worst single-session decline in more than five years, and one that sent the blue chips into negative territory for the year.

Read more at FIN24.co.za