Energy jitters make for an ugly three days
10th Dec 2005, 15:11 GMT
In just four days, the Canadian stock market has gone from rally, to setback, to slide, to meltdown. People who thought it couldn't get any uglier than it did Tuesday (down 212 points) were hit with another wave of hideousness yesterday: The SandP/TSX composite index, caught in a vortex of energy sector jitters, tumbled 185.82 points or 1.7 per cent to close at 10,562.23, a six-week low. That brings the index's losses over the past three sessions to a gargantuan 519 points or 4.7 per cent -- the deepest trifecta of misery, on a points basis, since July, 2002. (On a percentage basis, it's the steepest three-day selloff in 18 months.)
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