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
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Apple, HP, Intel May Take a Hit from Slowdown in Smartphone Sales Growth
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- Keurig Adds Peet's coffee, Alters Starbucks deal
- Motley Crue's Nikki Sixx Marries Model Courtney Bingham
- U.S. to Relinquish Gov't Control Over Internet
- FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal
- Chinese e-Commerce Giant Alibaba Gears for IPO in U.S.
- Some California Cities Seeking Water Independence
- Quiznos Files for Chapter 11