GDP figures disappoint
WEEKLY MARKET WRAP UP
The S&P/TSX composite index improved 15.21 points to close the day, week and month at 14,604.16.
The Canadian dollar slid
Experts say markets also felt the impact of investors consolidating positions on the last trading day of May.
Gold stocks led the charge out of the gutter Friday, led by Barrick Gold, up
Shares of Valeant Pharmaceuticals tacked on
Bank shares did their best to help out the index, making it above breakeven with
As for energy issues, Imperial Oil gave back
Metals stocks did not fare so well, as Teck Resources dropped
It's a big day for economic news, as Statistics Canada reported that the Gross Domestic Product rose 0.3% in the first quarter, following 0.7% growth in the fourth quarter of 2013. This was the smallest increase since the fourth quarter of 2012. On a monthly basis, real GDP by industry edged up 0.1% in March.
The agency's industrial product price index declined 0.2% in April, and its raw materials index increased 0.1% in the same month.
Eight of the 14
The half-dozen laggards were weighed by metals and mining and their brethren in global base metals, down 1.4% each, while real-estate sank 0.7%
All three U.S. markets were fairly flat by Friday's closing bell, but the indexes held onto sizable monthly gains.
The Dow Jones Industrial Average recovered 18.43 points to close Friday at 16,717.17
The S&P 500 gained 3.54 points to 1,923.57, but the NASDAQ composite index slid 5.33 points to 4,242.62
This month, S&P surged by nearly 2% to new records. The NASDAQ underwent an even more dramatic rebound after two months in the red, adding about 3% in May.
Salesforce shares were down after initially getting a bump from company announcement about a partnership with Microsoft.
Speaking of Microsoft, the news that the company's former CEO
Shares of MSG, owners of the
The Rangers begin play in the Stanley Cup final Wednesday against either
Big Lots soared 13% after the retailer topped analysts' earnings expectations and raised its outlook for the rest of the year.
Apple rallied as investors continue to show renewed optimism for the tech giant. The stock has benefited from the company's
Shares are up 8.5% in the past month. At roughly
Prices for 10-year U.S. Treasuries remained negative, raising yields to 2.46% from Thursday's 2.45%. Treasury prices and yields move in opposite directions
Oil prices dumped
Gold prices shed