Stocks Limp to End Week

Health-care Slides, Utilities Forge Higher

Canada's main stock index fell on Friday as health-care and tech stock losses weighed on markets.

The S&P/TSX Composite Index came off its lows of the day, but still swooned 83.03 points to conclude the day and the week at 15,274.44

The Canadian dollar dwindled 0.35 cents to 75.73 cents U.S.

Health-care stocks were still feeling around for the bruises at the final bell, primarily Canopy Growth, reeling $4.33, or 7.7%, to $51.67. Aphria shed 60 cents, or 3.6%, to $15.94.

In the tech field, Shopify got tagged $10.21, or 5.2%, to $186.81, while Constellation Software slid $14.18, or 1.6%, to $895.16.

Among consumer discretionary concerns, Canadian Tire skidded $3.07, or 1.9%, to $163.03, while Magna International headed lower $2.92, or 4.3%, to $65.51.

Utilities led the smaller group of stocks going up, led by Fortis Inc., ahead 51 cents, or 1.1%, to $45.60.

In consumer staples, Restaurant Brands International gained 63 cents to $75.03, while Saputo tacked on 16 cents to $38.86.

In the industrial sector, Canadian Pacific Railway hiked $1.38 to $275.73, while Bombardier moved skyward 23 cents, or nearly 10%, to $2.65.


The TSX Venture Exchange lost 15.64 points, or 2.3%, to 651.42

Seven of the 12 subgroups were lower, as health-care scaled back 3.5%, while information technology dipped 2.4%, and consumer discretionary issues lost 1.6%,

The five gainers were led by utilities, up 0.9%, consumer staples, spiking 0.8%, and industrials improved 0.6%.


Stocks fell on Friday as further losses in oil prices sparked fears of a global economic slowdown, but the major indexes still managed solid weekly gains.

The Dow Jones Industrials plummeted 201.92 points to end Friday at 25,989.30, as losses in Caterpillar and Goldman Sachs offset gains from Disney.

The S&P 500 dropped 25.82 points to 2,781.01, led lower by consumer discretionary shares and tech.

The NASDAQ dumped 123.98 points, or 1.7%, to 7,406.90, as shares of Facebook, Amazon, Netflix and Alphabet all traded lower.

But equities still recorded strong gains for the week, following a big post-midterm elections rally. The S&P 500 picked up 2.8%, and the Dow gained 2.1% for the week, respectively. The NASDAQ, meanwhile, rose 0.7%. This week's gains were the biggest for the Dow since the week of March 9, when it rose 3.3%

On the earnings front, Yelp shares plunged more than 26% after releasing its latest quarterly results. Dow-member Disney, meanwhile, rose 1.7% on the back of better-than-expected results.

Prices for the benchmark for the 10-year U.S. Treasury jumped, lowering yields to 3.19% from Thursday’s 3.24%. Treasury prices and yields move in opposite directions.

Oil prices lost 82 cents to $59.85 U.S. a barrel.

Gold prices subtracted $14.90 an ounce to $1,210.20 U.S.