Losses for technology shares lead stock markets sharply lower - News Summed Up

Losses for technology shares lead stock markets sharply lower


Stock markets in New York and Toronto sold off on Thursday, led by shares in technology companies that have been on a tear since the coronavirus pandemic began. Not just techBut technology stocks weren't the only ones selling off. Losses were slightly lower in Toronto, where the benchmark S&P/TSX Composite Index lost 249 point or almost 1.5 per cent. Shares in TSX-listed payment processing firm Lightspeed also lost about eight per cent to close at $43.70 a share. Since bottoming out at $12 a share in March, shares in Lightspeed had almost quadrupled prior to this week's swoon.


Source: CBC News September 03, 2020 16:41 UTC



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