TORONTO — Stock markets closed in the red for a second session as nervousness about Chinese growth, corporate earnings and stock valuations persuaded investors to sell off ahead of the weekend.
The S&P/TSX composite index lost 50.31 points to 14,257.69.
The Canadian dollar dropped 0.42 of a cent to 91.08 cents US.
A disappointing earnings report before the open from banking giant JPMorgan Chase helped push the Dow Jones industrials down 143.47 points 16,026.75, the Nasdaq composite index declined 54.38 points to 3,999.73 and the S&P 500 index gave back 17.39 points to 1,815.69.
It was a choppy week on markets as the TSX lost one per cent.
But New York markets were particularly hammered on worries about corporate earnings and stock valuations.
The Dow industrials fell 2.35 per cent this week and the Nasdaq fell three per cent. The S&P 500 moved into negative territory for the year to date, losing 2.65 per cent.
The S&P/TSX composite index lost 50.31 points to 14,257.69.
The Canadian dollar dropped 0.42 of a cent to 91.08 cents US.
A disappointing earnings report before the open from banking giant JPMorgan Chase helped push the Dow Jones industrials down 143.47 points 16,026.75, the Nasdaq composite index declined 54.38 points to 3,999.73 and the S&P 500 index gave back 17.39 points to 1,815.69.
It was a choppy week on markets as the TSX lost one per cent.
But New York markets were particularly hammered on worries about corporate earnings and stock valuations.
The Dow industrials fell 2.35 per cent this week and the Nasdaq fell three per cent. The S&P 500 moved into negative territory for the year to date, losing 2.65 per cent.