8/6/2019 Tanking markets

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IN MINUTES News and events — visually 

Investors fled Wall Street in the worst stock-market sello since the depths of theGreat Recession in early 2009 in what has turned into a full-fledged correction.

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The S&P 500’s drop puts it more than 10%below its April 29 high.More than 13 billion shares changed hands,the busiest trading day in more than a year.

Dow hardest hitAlcoa fell 9.3%. Bank of America fell 7.4%Caterpillar fell 7.0%. Boeing fell 6.3%

$11,383.68

Down 512.46 -4.3%Thursday

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$2,556.39

Down 136.68 -5.1%

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Stephen Massocca, managingdirector of Wedbush Morgan.

The debt troubles inEurope are makinginvestors gather asmuch liquidity aspossible.

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S&P/TSX Venture Composite Index

Dow Jones Industrial Average15000

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13.8BILLION SHARES changed hands on the New York

Stock Exchange, NYSE Amex andNasdaq, the highest since

June 25, 2010

Daily average

7.48 BILLION

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$1,200.13

Down 60.21

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Down 60.21-4.8%

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The Canadian dollartumbled 1.8¢ US to hit a five-week low,

hurt by a broad stock market sell-o andworries about the U.S. and global

economic recover y.THURSDAY’S CLOSE

$1.0209WEDNESDAY’S CLOSE

$1.0389Tankin g markets

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52-WEEK LOWS HIT

Bank of America down7.4% at $8.83

Citigroup down 6.6% at$34.81

Hewlett-Packard down5.1% at $32.54

SUSAN BATSFORD, GRAPHICS EDITOR, TWITTER @SBATS1; IN FOGRAPHIC BY TARA MARTIN/QMI AGENCY

 Why thedownfall?

• The U.S. economic data has worsened,suggesting slowing growth from an

already sluggish pace in the first half.

• Europe’s sovereign debt crisis hasdefied remedies and threatens toengulf large euro-zone economies

Spain and Italy.