Monday s analyst upgrades and downgrades - The Globe and Mail theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
In New York, the Dow Jones industrial average was down 185.51 points at 33,874.85. The S&P 500 index lost 30.30 points at 4,181.17, while the Nasdaq composite was down 119.87 points at 13,962.68 to end its sixth-straight monthly gain.
Nearly 90 per cent of the more than half of U.S. companies reporting first-quarter results so far have beat expectations, the highest level in years.
And GDP numbers in the U.S. and Canada have been stellar, with Canada reporting Friday that the economy grew at an annual rate of 6.5 per cent through the first quarter. So a lot of positive things that the markets have digested, but on the flipside, there s a couple of sound bites that came out in early afternoon that were more negative and that led to the acceleration of the losses, said Macan Nia, senior investment strategist at Manulife Investment Management.
Thursday s analyst upgrades and downgrades - The Globe and Mail theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.