Bombardier roughed up
The S&P/TSX composite index bolted upward 101.16 points to close Thursday at 14,001.65
The Canadian dollar gained
A major decliner was Bombardier Inc. Its shares tumbled
It also said that delays in first deliveries of its delayed CSeries aircraft will add about
On the earnings front, Manulife Financial Corp. says it had
The gold sector rose as Barrick Gold Corp. lost
The consumer discretion sector also helped lift the TSX as Canadian Tire Corp. earned quarterly net income of
The energy sector was up as shares in Cenovus Energy Inc. lost
The base metals sector declined, as March copper dipped
Internationally, Italian Prime Minister
On the economic front, Statistics Canada told us this morning that its new housing price index rose 0.1% in December, following no change in November. Monthly price movements have been fairly static since
All but three of the 14 Toronto subgroups were higher Thursday, led by gold, shooting higher 3.9%, while materials gained 1.6% and health-care was 1.4% to the good.
The three laggards proved to be metals and mining, down 2.1%, global base metals, sliding 0.3%, and industrials, off 0.2%.
A bad batch of economic data and lackluster earnings didn't keep investors from buying stocks Thursday.
The Dow Jones Industrial Average gained 63.65 points by the close to 16,027.59.
The S&P 500 index forged higher 10.57 points to 1,829.83. The NASDAQ prospered 39.38 points to 4,240.67
The market was higher even though the government reported that retail sales unexpectedly fell in January. Economists were looking for no change last month, but sales dropped 0.4%. Excluding auto sales, sales were flat. Sales for November and December were also revised lower.
Higher-than-expected unemployment claims were also a negative.
And corporate earnings weren't particularly good either. Shares of Dow component Cisco fell after the company's weak revenue guidance disappointed investors. Despite reporting lower revenue and earnings, Cisco raised its dividend.
But cable stocks were moving dramatically after Comcast announced plans to acquire Time Warner Cable in a
Time Warner Cable shares jumped on the news, while Comcast fell. Shares of Charter Communications, a smaller cable company that had hoped to acquire Time Warner Cable, plunged.
Shares of Cablevision Systems, which some feel could be the next cable company to be taken over, were also down after opening sharply higher.
The deal is subject to approval from regulators, including the
In other company news, shares of Whole Foods fell sharply after the grocery chain's first quarter profit and sales figures fell short of expectations. The company also cut its earnings guidance for the year.
Pepsi announced an increase in quarterly profit and revenue, but missed sales estimates, sending shares lower.
Goodyear reported an increase in profit and beat estimates. Shares of the tire giant spiked almost 10%.
Netflix said it acquired the rights for the animated series "Star Wars: The Clone Wars." The stock was up slightly and hit a new all-time high.
Prices for 10-year U.S. Treasuries moved lower, raising yields to 2.74% from Wednesday's 2.76%. Treasury prices and yields move in opposite directions.
Oil prices eked higher
Gold prices grew
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