Feb 08, 2018

By Michael Kramer

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The sell-off has resumed on Wall Street.
The Dow Jones Industrial Average shed just over one thousand points – or 4.1 per cent – dropping to 23,860.

The index is now 10 percent below the record high the Dow set just two weeks ago – putting it in what is known on Wall Street as a ”correction.”

The slide came despite encouraging earnings and some positive economic data – but it appears investors are worried about interest rates and inflation.

The NASDAQ was off 275 to 6,777
Toronto’s T-S-X wasn’t as hard hit – down 265 to 15,066
Our dollar was off a quarter of a cent to just under 79.50 American.
Oil slipped 64 cents to $61.15 a barrel
And gold moved up $4.40  to $1,319 an ounce.
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