Rising gold stocks helped push the
The S&P/TSX composite index gained 32.04 points to greet noon at 14,033.69
The Canadian dollar fell
It was relatively quiet on the earnings front after traders waded through a heavy slate of reports Thursday from the manufacturing, insurance, and resource sectors.
On Friday, Enbridge Inc. posted a fourth quarter net loss of
Brookfield Asset Management Inc. posted fourth-quarter net income of
Meanwhile, sports equipment company Bauer Performance Sports Ltd. has signed a deal to buy the baseball and softball business of
On the world economic front, lightly stronger-than-expected growth in
Closer to home, Statistics Canada reported that manufacturing sales in
All but two of the 14 Toronto subgroups were higher, led by gold, up 1.1%, global base metals, up 0.8%, and materials, up 0.7%.
The two laggards were information technology and health-care, both off 0.1%.
Investors showed some affection for stocks Friday, but gold was really feeling the love on
The Dow Jones Industrial Average popped 75.87 points midday to 16,103.46.
The S&P 500 index moved higher 4.37 points to 1,834.20. The NASDAQ skidded 8.22 points to 4,232.41
The market has been on a tear in February. The S&P 500 has gained more than 3% this week and is now less than 1% away from an all-time high.
Gold has also gained momentum. The price of the precious metal rose above
Weight Watchers shares plunged more than 20% after the company slashed its earnings forecast and CEO
Shares of GNC and Vitamin Shoppe were also down sharply.
But one trader was still betting on Weight Watchers, based on anecdotal evidence.
Jos. A. Bank shares fell after the clothing retailer announced that it was acquiring
Shares of Trulia fell sharply after the real estate website said losses in the fourth quarter widened from last year.
Cliffs Natural Resources jumped 5% after the company's quarterly results beat analysts' expectations. The company also rejected a proposal from a hedge fund that is seeking to break the company up and replace its CEO. Cliffs was one of the biggest gainers in the S&P 500 Friday.
Shares of Campbell Soup rose after the company reported better-than-expected earnings. Hyatt Hotels also reported earnings that topped expectations, sending shares higher in early trading.
Kraft Foods shares gained following quarterly results that beat expectations.
Prices for 10-year U.S. Treasuries were unchanged, keeping yields at Thursday's 2.74%.
Oil prices dipped
Gold prices increased
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