Banks lead way
Solid bank earnings helped give the
The S&P/TSX composite index was up 26.16 points to end the session Thursday at 14,214.74
The Canadian dollar shed
TD hiked its dividend by 9% to
In other earnings news, Maple Leaf Foods dropped
The tech sector advanced with Davis + Henderson ahead
The base metals sector was up 0.62 per cent as May copper lost
The gold sector climbed, even as Barrick Gold faded
A major decliner was Taseko Mines after the federal government again rejected its proposed
The environment department rejected the
The energy sector declined, even as Imperial Oil progressed
All but three of the 14 Toronto subgroups were higher by day's end, as information technology and global base metals vied for top spot, each group gaining 0.7%, while real-estate improved 0.6%.
The three laggards were health-care, plummeting 4.1%, while energy moved lower 0.4%, and utilities dipped 0.3%.
Stocks rose Thursday as investors listened to testimony from Federal Reserve Chair
The Dow Jones Industrial Average climbed 74.24 points to close Thursday at 16,272.65
The S&P 500 index took on 9.13 points to 1,854.29. The NASDAQ popped 26.87 points to 4,318.93
In corporate news, investors seemed to like what they're hearing from some struggling retailers.
Shares of J.C. Penney soared almost 25% after the retailer reported a narrower-than-expected quarterly loss and said it expects same-store sales to rise by 3% to 5% during the current quarter. After a rough few years, some investors are hopeful that the company can finally deliver on its much-hyped turnaround strategy.
Best Buy shares also jumped after the electronics retailer reported quarterly earnings that had returned to profit from earlier losses. The company has experienced its fair share of problems in recent years as consumers have turned more toAmazon.com Inc and other online stores for deals.
Tesla shares initially got a boost Thursday after the automaker announced it was raising
Shares of eBay rose after
Icahn revealed a stake in the firm earlier this year and is pushing for eBay to spin off its PayPal business. He also wants to place two of his employees on eBay's board.
Shares of Chinese search engine Baidu popped after the company posted solid earnings and sales.
Yellen testified before the
Investors were also keeping a close eye on the tension in
Prices for 10-year U.S. Treasuries were higher, lowering yields to 2.64% from Wednesday's 2.67%. Treasury prices and yields move in opposite directions.
Oil prices moved lower
Gold prices regained
Most Popular Stories
- 3 Shot Dead in Venezuela Unrest
- Chinese May Have Spotted Malaysia Airlines Debris
- Several Texas Cities Top Job Search List
- Why Buffett Bets Big on Green Energy
- Wall Street Rally Heads Off 3rd Day of Decline
- Senate Committee OKs Bill to Sanction Russia
- Better Pay Means Bigger Profits: Strategist
- G7 Presses Russia to Pull Troops Out of Crimea
- Obama's 'Between Two Ferns' Appearance Has Conservatives Upset
- Jan Brewer Out on Term Limits