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Stock impact report

Market selloff lands TSX, Dow in bear market [Business News Network (BNN) Energy & Resources (Canada)]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Market selloff lands TSX, Dow in bear market The Toronto Stock Exchange and Dow Jones Industrial Average closed in a bear market Wednesday, after both indices dropped 20 per cent from their most recent February peaks. Toronto-Dominion Bank, Royal Bank of Canada and Enbridge Inc. have been the biggest drags on the TSX over that time period, collectively shaving a little more than 600 points off the index. A bear market is defined as a 20 per cent decline from previous highs. The most recent bull market lasted 11 years, the longest such period of economic expansion in history. Canadian and U.S. stocks fell deeper in the red throughout Wednesday afternoon following the World Health Organization’s official declaration that COVID-19 is a pandemic. Investor fears intensified as they weighed government stimulus measures and global central bank reactions against their ability to mitigate the economic impact of the virus. Todd Sohn, a technical analyst with Strategas Securities, told BNN Bloom Show less Read more
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