The Canadian Press

2000-10-25 | Markets-Nortel

Preview Clip

A big drop in the price of Nortel shares on Oct. 25 resulted in the TSE 300 losing 840 points. Tom Caldwell, chairman of Caldwell Securities, said Nortel accounted for more than 30 per cent of the TSE 300. In percentage terms, the 8.12 per cent loss was well short of the record 11.3 per cent decline in the crash of Oct. 19, 1987.

Date: 2000-10-25
Placeline: Toronto, ON, Canada
Source: The Canadian Press
Length: 17 seconds

Transcript Prediction: << typically such a heavily weighted stocks such as Nortel will have a propensity to drag other stocks into the decline with it and we might see that the Congo for a day or two days usually the what we call a second day affect once news gets disseminated the USA might have a another hit to it but that there is some bargain hunting going on now >>

Clip ID: 20001025CPCN001