Augusta, Hudbay in focus
The S&P/TSX composite index drooped 34.65 points to open Tuesday at 14,681.04
The Canadian dollar strengthened
Scotiabank said its second-quarter profit rose 14%, beating estimates, as higher income at its domestic banking and global wealth units offset a flat performance in international retail banking. Scotibank shares hiked
All but three of the 14 Toronto subgroups lost ground in the first hour, with gold stocks tumbling 2.6%, materials collapsing 1.4%, and the metals and mining group dipping 0.4%.
The three gainers were financials, up 0.2%, telecoms, up 0.05% and industrials up 0.03%.
Stocks raced to fresh record highs at Tuesday's opening bell, powered by solid U.S. economic indicators and positive momentum following elections in
The Dow Jones Industrial Average grew 63.22 points to 16,669.49.
The S&P 500 gained 8.36 points to 1,908.89, and the NASDAQ composite index improved 31.30 points to 4,217.11
The early buying carried the S&P 500 into record territory and above the psychologically-important 1,900 level. The broad average closed at an all-time high of 1,900.5 on Friday.
The Dow is within striking distance of its record closing high of 16,715.4 that was set earlier this month.
It's quite the meat market this morning. Shares of Hillshire Brands popped 21% in early trading after Pilgrim's Pride offered to acquire the food maker for about
Bank of America bounced 3% higher after saying it resubmitted a capital plan to the Federal Reserve after a calculation mistake scuttled the prior one. BofA said the new request is smaller than the previous one.
Shares of InterContinental Hotels rose 4% after
AstraZeneca retreated 2% as investors reacted to Pfizer's confirmation that it would no longer pursue a mega-takeover of the British drug maker.
U.S. home prices in 20 cities rose 0.9% in March from February, according to S&P/
Prices for 10-year U.S. Treasuries were lower, raising yields to 2.54% from Friday's 2.53%. Treasury prices and yields move in opposite directions
Oil prices fell
Gold prices settled
Most Popular Stories
- GE Healthcare Bringing Jobs to Massachusetts
- Hispanic NASCAR Driver Ready to Make History
- Faith Groups Divest From Fossil Fuels
- James Foley Killer Could Be ID'd Via Social Media, Voice Recognition
- James Foley Beheading Video Is Real Thing: White House
- Apple Stock Bounces Back Big Time
- Bank of America Agrees to Pay Record $16.65 Billion
- Entrepreneur Contest Announced in Idaho
- U.S. Existing Home Sales Rise 4th Month Straight
- Family Dollar Will Stick With Dollar Tree