Why TSX down feb 28 2012

Why TSX down feb 28 2012 : The Toronto Stock Exchange saw some decline early Tuesday amid some disappointing economic data in the United States. Shortly after the open, the S&P/TSX composite index was down 16.5 points, or 0.13%, to 12,683.88.

U.S. durable goods were down 4% in January, data showed, worse than the 1% fall economists were anticipating, and the sharpest drop in three years.

Some other factors for the market to digest included Bank of Montreal’s better-than-expected first-quarter earnings, and lower oil prices.

On Monday, the TSX was down 25.39 points, or 0.2%, to 12,700.38. The Dow Jones was almost even, falling just 1.44 points, or 0.01%, to 12,981.51. The Nasdaq gained 2.41 points, or 0.08%, to 2,966.16.

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