Cineplex, CAE in focus
The S&P/TSX composite index grew 103.08 points to greet noon at 13,897.26
The Canadian dollar gained
On the earnings front, Cineplex Inc. had
Flight simulator maker CAE Inc. had
The gold sector advanced, as Barrick Gold tacked on
Financials were also supportive, as RBC advanced
All but one of the 14 Toronto subgroups were positive midday, with gold surging 3.2%, materials ahead 1.9%, and global base metals tacking on 1.6%
Only utilities had dropped into the red by noon hour, sliding 0.1%.
Stocks ticked up Tuesday as new U.S. Federal Reserve Chair
The Dow Jones Industrial Average climbed 137.49 points to pause for
The S&P 500 index gained 13.35 points to 1,813.19. The NASDAQ added 26.93 points to 4,175.10.
On the earnings front, Sprint shares surged after the wireless carrier reported better-than-expected revenue and decent subscriber gains. The company posted a loss, but the losses narrowed from a year earlier.
Sprint has reportedly been thinking of making a bid for its rival T-Mobile. But there are doubts about whether a deal would pass regulatory muster.
CVS Caremark shares gained after the drugstore chain reported quarterly increases in sales and profit. The company made waves last week when it announced it would soon stop selling cigarettes and other tobacco products.
Shares of cloud-computing firm Rackspace Hosting tanked after CEO
ConAgra Foods shares plunged after the packaged foods company cut its full year earnings outlook.
Yellen began testifying before the
In prepared remarks, Yellen said the central bank plans to continue easing its stimulus program, a big driver of the 2013 stock market rally.
Since January, the Fed has gradually been reducing the pace of that stimulus. After buying
Prices for 10-year U.S. Treasuries dipped, raising yields to 2.73% from Monday's 2.68%. Treasury prices and yields move in opposite directions.
Oil prices faded
Gold prices rose
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