Manulife, Bombardier in focus
The S&P/TSX composite index gained 22.82 points to greet noon at 14,674.69
The Canadian dollar fell
Manulife Financial's first-quarter net profit jumped 50% to
Analysts had expected
Transportation giant Bombardier Inc. posted first-quarter net income of
Ex-items, earnings were
Imperial Oil Ltd. lost
Ex-items, profit was
Health-care stocks proved the runaway winner Thursday morning, as Catamaran Corp. triumphed
Eight of the 14 Toronto subgroups were higher by
The half-dozen laggards were weighed mostly by gold stocks, down 0.6%, energy, down 0.4%, and real-estate issues, sliding 0.2%.
Stocks started May on an apprehensive note as investors digest the latest stream of earnings reports, economic indicators and yesterday's record high for the Dow Jones industrial average.
The Dow Jones Industrial Average dipped 2.22 points to greet noon at 16,578.62, off its lows of the morning.
The S&P 500 regained 2.69 points to 1,886.64, and the NASDAQ composite index grew 27.91 points to 4,142.37.
MasterCard rallied 2% after the card giant logged stronger-than-expected results powered by double-digit volume growth.
ExxonMobil flirted with record highs as investors cheered the energy giant's big earnings beat and largely overlooked a modest revenue miss.
Shares of Avon Products tumbled 12% as investors fretted about the cosmetic company's big earnings miss amid an 11% drop in revenue. Avon also put to bed a long-running bribery probe by agreeing to pay
To give a sense of how not glamorous things are for Avon right now, the stock is trading at
Sony Corp slumped 4% after slashing its profit outlook and projecting a first-quarter loss. LinkedIn and Kraft Foods are set to report after the close, among others.
Shares of DirectTV spiked 5% on talk that AT&T may be making a bid for the satellite TV company.
T-Mobile US popped 7% amid renewed speculation of a tie-up with Sprint . T-Mobile, the fourth largest U.S. wireless provider, also said it added 1.3 million subscribers in the first quarter, although that didn't prevent a loss of
Confirming recent reports, Ford said CEO
On the economic front, the
But the focus will shift after the closing bell to the government's all-important jobs report. Economists predict the U.S. added 210,000 new jobs in April, bringing the unemployment down to 6.6% from 6.7%.
Prices for 10-year U.S. Treasuries gained strength, lowering yields to 2.61% from Wednesday's 2.65%. Treasury prices and yields move in opposite directions.
Oil prices settled
Gold prices dropped
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