BlackBerry in spotlight
The S&P/TSX composite index was up 49.11 points to start the day and the week at 14,254.83. A slightly negative session on Friday put an end to a 12-session winning streak for the
The Bank of Montreal follows on Tuesday,
Scotiabank, whose shares hiked
Elsewhere on the corporate front, BlackBerry Ltd says it will make its BBM text messaging system available to two more types of smartphones, those running the Windows operating system and the Nokia X platform.
The company has already made BlackBerry Messenger available to Apple iPhones and Android devices. BlackBerry has been expanding the reach of BBM as a way to maintain loyal client organizations. The company once known as Research In Motion saw its shares elevated
All but three of the 14 Toronto subgroups were in the green to start the day, led by consumer staple and energy stocks, each up 0.9%, while gold strengthened 0.7%.
The three laggards were global base metals, down 1.1%, while metals and mining faded 0.8%, and utilities stumbled 0.5%.
The S&P 500 touched a new record high early Monday as investors remain optimistic about the economy and corporate earnings.
The Dow Jones Industrial Average shot up 128.68 points to begin the week at 16,231.98
The S&P 500 index added 14.37 points to 1,850.62. The NASDAQ gained 32.70 points to 4,296.11
In the corporate world, Comcast said Sunday that it will allow Netflix to connect directly to its broadband network, allowing for faster streaming.
Shares of HSBC slid after the bank reported earnings that came in below expectations.
Shares of Groupon stabilized after taking a 22% dive Friday. Shareholders pressed the sell button last week after the company warned it was expecting to report a loss in the first quarter.
On the earnings front, Solar City and Live Nation will report after the closing bell.
Investors have been encouraged by corporate profits that beat analysts' expectations. According to FactSet Research, 72% of the companies in the S&P 500 have reported earnings for the fourth quarter that topped analysts' expectations.
With little economic or corporate news on the docket Monday, investors may also be looking ahead to testimony later this week from Federal Reserve chair
Investors welcomed comments from global finance officials, who emphasized stimulating economic growth over austerity.
The G20 -- the world's 19 richest nations and the
Prices for 10-year U.S. Treasuries slid slightly, lifting yields to 2.74% from Friday's 2.73%. Treasury prices and yields move in opposite directions
Oil prices gained
Gold prices gained
Most Popular Stories
- Major Phone Makers Sign Anti-Phone-Theft Pledge
- College Board Offers a Sneak Peak at New SAT
- 'Beige Book' Federal Reserve Survey, April 2014: Full Text
- Salsa Legend Cheo Feliciano Killed in Car Crash
- Earthlike Planet Found in Red Dwarf's Goldilocks Zone
- Hiring and Weekly Jobless Claims Both Edge Up
- Twitter Offers App Install Ads
- New Auto Plant to Create 155 Jobs in Kentucky
- Generating Solar Power in the Dark
- Miss. Gov. Signs Bills to Curb Unions