03 May '11, 10pm

TSX plummets in commodities sell-off

The Toronto stock market closed down more than 240 points Tuesday as commodities sold off after a long run-up in prices. The election of the Conservatives as a majority government did little to cushion the fall. The S&P/TSX composite index fell 242.14 points or 1.74 per cent to 13,692.37. The Dow Jones industrial average lost 0.15 of a point to 12,807.51. The Nasdaq composite index fell 22.46 points to 2,841.62 while the S&P 500 index was off 4.6 points to 1,356.62. The Canadian dollar closed down 0.19 of a cent to 104.98 cents US. June crude oil on the New York Mercantile Exchange fell $2.47, or 2.2 per cent, to $111.05 US a barrel, a day after it reached its highest intraday price since September 2008. Crude has jumped about 34 per cent since mid-February, a rally fuelled by disruption of oil supplies in Libya and a weaker dollar. June gold on the Nymex declined $16.70 f...

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TSX skids to two-week low as commodities slump

sg.news.yahoo.com 03 May '11, 10pm

TORONTO (Reuters) - Toronto's main stock index posted its biggest one-day drop in nearly a month on Tuesday as falling com...

Europe Factors-Shares seen falling; commodities...

sg.news.yahoo.com 04 May '11, 6am

A raft of corporate results from across Europe due on Wednesday are expected to provide further direction for equities. Ab...