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TSX slammed for second day as US market closes out worst week


Canada’s main stock index dropped for a second straight session on Friday and the U.S. stock market closed out its worst week in two years. The Toronto Stock Exchange’s S&P/TSX composite index unofficially closed down 115.48 points, or 0.75%, at 15,215.26. Eight of the 10 main sectors on the index were in the red.In the U.S., traders moved money into investments traditionally seen as having lower risk Friday, such as U.S. government bonds, gold and utility stocks.Energy stocks fell after Chevron reported weaker oil and gas production.The Dow Jones industrial average lost 69 points, or 0.4 per cent, to 16,493. The Dow has lost 387 points over the past two days. The slump interrupted five months of steady gains.The Standard & Poor’s 500 index fell five points, or 0.3%, to 1,925. The S&P 500 lost 2.7% this week, the biggest loss since June 2012.The Nasdaq fell 17 points, or 0.4%, to 4,352.Bond prices rose. The yield on the 10-year Treasury note fell to 2.49%.Compiled with files from Associated Press and Reuters

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