Possible Sears sale in news
Canadian stocks looked set to open flat to slightly higher on Wednesday
The S&P/TSX composite index improved 24.87 points to end the day at 14,679.81. June futures were up 0.04% Wednesday.
Canaccord Genuity raised the rating on Entrec Corp to buy from hold
Canaccord Genuity and RBC raised the target price on Parex Resources
The Canadian dollar gained
The past few days have seen investors push stock markets to all-time highs, but it looks like the pace could slow Wednesday.
Ahead of the opening bell, futures for the Dow Jones Industrials sagged 11 points to 16,664. Futures for the S&P 500 dropped three points, or 0.2%, at 1,891.30, and futures for the NASDAQ lost 6.25 points, or 0.2%, to 3,602.50
The Dow Jones industrial average and S&P 500 closed at record highs again Tuesday. The S&P 500 touched 1,900 for the first time ever, while the Dow closed at about 16,715. The NASDAQ underperformed its peers, closing down about 0.3%.
There are a number of quarterly results set for release that could sway investor sentiment. Macy's, Deere and SodaStream will report before the opening bell, while Cisco Systems and
Pinnacle Foods, which said Tuesday that it agreed to be bought by Hillshire Brands, will also report quarterly earnings before the bell.
Sony reported full-year results showing sales rose but the firm still recorded a loss for the year. The Japanese electronics giant said a big reason behind the jump in sales was favorable foreign exchange rates.
Sony shares pushed up by just over 1% in
Shares in Fossil fell in extended trading after the company reported a drop in quarterly profit.
In economic news, the U.S. government will publish its monthly producer price index.
European markets were generally weaker, while Asian markets were mixed.
Oil prices gained
Gold prices gained
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