Markets closed Monday
WEEKLY MARKET WRAP UP
Rising mining stocks helped push the
The S&P/TSX composite index gained 53.11 points to end the week at 14,054.76. Markets in
The Canadian dollar fell
The TSX gold sector gained ground as Barrick Gold climbed
The base metals component was ahead, with March copper up
The energy sector was flat, though Imperial Oil gathered
Financials were up following a number of positive earnings reports this week from insurers. TD was up
On the earnings front, Enbridge Inc. posted a fourth-quarter net loss of
Ex-items, the pipeline and energy services company earned
Brookfield Asset Management Inc. posted fourth-quarter net income of
And 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 three of the 14 Toronto subgroups were higher, led by gold, up 2.1%, materials, up 1.3%, and global base metals, up 1.1%
The three laggards were health-care, down 0.4%, energy, off 0.2%, and industrials, easing 0.04%.
Investors showed their affection for stocks on
The Dow Jones Industrial Average popped 126.80 points to close Friday at 16,154.39.
The S&P 500 index moved higher 8.80 points to 1,838.63. The NASDAQ recovered 3.36 points to 4,232.41. American markets are closed Monday for
After a lackluster January, the market has been on a tear in February. All three indexes ended the week higher.
The S&P 500 has gained more than 2% this week and is a few points away from its record closing high. The Dow rose than 2%, while the NASDAQ added nearly 3% and is now on a seven-day winning streak.
Gold has also gained momentum. The price of the precious metal rose above
Weight Watchers shares plunged more than 26% after the company slashed its earnings forecast and CEO
Shares of GNC and Vitamin Shoppe were also down sharply.
Medbox, which makes safes for marijuana dispensaries, were up more than 20%. Investors also bid up thinly-traded shares of companies like GreenGro andGrowLife, which support cannabis cultivation.
Jos. A. Bank shares edged higher 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 sagged a bit, raising yields to 2.75% from Thursday's 2.74%. Treasury prices and yields move in opposite directions
Oil prices dipped a penny to
Gold prices increased