Investors digesting Ont. Liberal win
WEEKLY MARKET WRAP UP
The S&P/TSX composite index gained 91.98 points to finish the day and week at 15,001.61
The Canadian dollar were unchanged on the day at
To the energy field, now, where Imperial Oil jumped
Among base metals, Teck Resources tacked on a dime to
Weighing the index down somewhat were health-care issues, as Valeant Pharmaceuticals dove
Meanwhile, voters in
On the economic slate, Statistics Canada reported that manufacturing sales edged down 0.1% in April to
Nine of the 14 Toronto subgroups were higher, with energy stocks bolting 2%, global base metals advancing 0.9%, and industrials gaining 0.8%.
The five laggards were weighed mostly by health-care stock, less hale by 0.5%, while real-estate and utilities each surrendered 0.2%
Markets were in a feisty mood Friday. From
The Dow Jones Industrials gained 41.55 points to close at 16,775.74
The S&P 500 gained 6.05 points to 1,936.10, and the NASDAQ composite index remained positive 13.02 points to 4,310.65. All three indices ended the week down with the Dow 0.88% lower.
Priceline said it was buying restaurant reservations site OpenTable for
Other internet stocks catering to local businesses soared on the news as well, including Yelp, Groupon and GrubHub.
Citigroup shares slid after reports that the
The stock is down around 9% in 2014 and earlier in the year had its plan to increase its dividend and launch a share buyback program rejected by the Federal Reserve.
Intel powered forward by almost 7% after the company announced a more positive outlook for the second quarter. Business PC purchases are picking up, according to Intel. PC-maker Hewlett-Packard and Microsoft got a nice boost as well.
Investors were also keeping an eye on DreamWorks, which releases the second installment of its widely popular "How to Train Your Dragon" saga over the weekend. The media company is hoping a good box office showing for that film will make up for the less-than-stellar performance of its "
DreamWorks shares have gotten a lift in the past month, but they slid Friday and are still down by 23% for the year.
Concerns about increasing instability in
Oil prices were last this high in
And a key measure of inflation, the Producer Price Index, fell unexpectedly into negative territory Friday, raising concerns about slower growth in the U.S.
Prices for 10-year U.S. Treasuries dropped, raising yields to 2.60% from Thursday's 2.59%. Treasury prices and yields move in opposite directions
Oil prices pushed up
Gold prices gained