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S&P/TSX composite up more than 150 points, U.S. stock markets fall

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TORONTO — Canada's main stock index differentiated itself from sliding U.S. markets Thursday, gaining more than 150 points on the back of better-than...

TORONTO — Canada's main stock index differentiated itself from sliding U.S. markets Thursday, gaining more than 150 points on the back of better-than-expected quarterly results from Royal Bank and CIBC.In New York, the Dow Jones industrial average was down 330.06 points at 38,111.48. The S&P 500 index was down 31.47 points at 5,235.48, while the Nasdaq composite was down 183.50 points at 16,737.08.The July crude contract was down US$1.32 at US$77.

BRUSSELS/MILAN -U.S. investment firm KKR secured unconditional EU antitrust approval on Thursday for its up to 22-billion-euro acquisition of Telecom Italia's fixed-line network. The European Commission's announcement confirmed a Reuters' story last week.

The S&P 500 could plunge as much as 70% this cycle as markets hit a 'motherlode' of FOMO extremes, famed fund manager says

 

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