Wall Street stocks sold off sharply on Friday, with the benchmark S&P 500 index falling nearly 2 per cent as weak factory data from the United States and Europe led to an inversion of U.S. Treasury yields, fuelling fears of a global economic downturn.
| The Dow Jones Industrial Average fell 459.85 points, or 1.77 per cent, to 25,502.66, the S&P 500 lost 54.15 points, or 1.90 per cent, to 2,800.73 and the Nasdaq Composite dropped 196.29 points, or 2.5 per cent, to 7,642.67.
| Canada’s biggest stock market fell 1 per cent.
|  | | | More stories below advertisement | | | | latest stories from globe advisor | | | | Jewellery may be a fashion accessory, but Mene Inc. extols a traditional notion – that its gold or platinum charms, rings and bracelets can be investments, too.
| The upstart luxury online retailer aims to disrupt the industry by selling its pure, 24-karat jewellery by gram weight and letting consumers monitor the value, which fluctuates daily with the spot price of its precious metals.
| | | | When gold glitters, it can take investors by surprise. It took on a new shine in the last quarter of 2018 when it outperformed U.S. stocks amid market volatility. Gold in New York gained 7.5 per cent compared with a 13.5-per-cent loss for the S&P 500 index, including dividends.
| While the price of gold is unpredictable, owning it can help diversify a portfolio because it can move opposite to the direction of stock markets. Instead of buying bullion or gold-mining stocks – which can have some weak correlation to the market – exchange-traded funds (ETFs) offer easier exposure to the asset.
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/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/J3SJA75PR5HZXCSTDTJILVLPZ4.jpg "The close: Wall Street tumbles as Treasury yields fuel economic fears; TSX drops as data disappoints")
/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/DCU63ITCVBEITGTGBQT4GJUXFA.jpg "Upstart jeweller makes wearable investments")
Upstart jeweller makes wearable investments/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/C5YO7G2PEZCBZCGHVCNFEX2BBQ.JPG "As markets churn, six precious-metals ETFs")
/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/53HEB364FVHHXAGLEAC6UEVGBQ.JPG "Empire CFO Michael Vels buying the dip")
Empire CFO Michael Vels buying the dip/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/NUWWM5ZEPJBLHHWPWLAWC3LGC4 "Bombardier nominates next generation of Bombardier-Beaudoin family members for two board seats")
