Canadian stocks turned negative on Thursday as falling crude oil prices, the ongoing U.S. government shutdown, and concerns about lending practices at some U.S. regional banks weighed on investor sentiment, snapping the TSX’s two-day winning streak. After rallying by 2.6% in the last couple of sessions combined, the S&P/TSX Composite Index gave up nearly 178 points, or 0.6%, to settle at 30,459.
Losses were mainly led by the energy and financial sectors, as crude oil extended its decline and banking stocks reacted to renewed credit quality concerns in the U.S. On the brighter side, firm precious metals prices continued to drive metals and mining stocks higher.
Top TSX Composite movers and active stocks
Capstone Copper (TSX:CS) plunged 10.3% to $11.50 per share, making it one of the worst-performing TSX stocks for the day. This selloff in CS stock came after Orion Mine Finance…
