Metals lead parade
The S&P/TSX composite index improved 55.80 points to greet noon at 14,659.96.
The Canadian dollar tumbled
On the TSX, the base metals sector advanced as Chinese data pushed the July copper contract up
On the corporate front, trucking and delivery company TransForce Inc. says it has a
TransForce says the acquisition is expected to generate annual revenues of about
The investment firm headed by
There remains a trickle of first-quarter earnings reports coming out this week.
Investors will look to see how Hudson's Bay Co. fared during the quarter on
On the economic scene, a reading of manufacturing activity in
Domestically, manufacturers in
At 52.2 in May, down from 52.9 in April, the headline RBC PMI remained above the neutral 50.0 mark, but eased to its lowest level since January. The index was also weaker than the 53.3 average since the survey began in late 2010.
In all, 10 of the 14 Toronto subgroups were higher, with the metals and mining group the champion, up 1.7%, global base metals hiking 1.2%, ande telecoms growing 0.9%.
The four laggards were weighed mostly by gold, down 0.6%, information technology, off 0.4%, and consumer staples, declining 0.3%.
After starting June with more record highs, stocks are down. Investors continue to weigh the mixed signals about how strong companies and consumers are heading into the summer.
The Dow Jones Industrial Average recovered 18.18 points to break for lunch Monday at 16,735.35
The S&P 500 inched up 0.62 points to 1,924.19, but the NASDAQ composite index slid 6.76 points to 4,235.86
Shares of Broadcom bounced 12% after the company revealed it is considering a possible sale of its cellular baseband business. The chip maker said a sale or wind down could generate
Gannett rose 2% after Barron's argued the media company could surge 40%, especially if it follows in the footsteps of peers by spinning off its publishing assets like
Protective Life surged 15% amid reports that
Apple could see its stock gyrate a lot this week based on developments out of its
The stock traded as high as
Shares of American Realty Capital Healthcare Trust raced 10% higher after it agreed to be sold to Ventas for
Prices for 10-year U.S. Treasuries dropped sharply, hiking yields to 2.54% from Friday's 2.46%. Treasury prices and yields move in opposite directions
Oil prices dumped
Gold prices fell a dollar to
Most Popular Stories
- Criminal Investigation Opened Into James Foley's Death
- Koch Brothers Took Genes, Money in Different Directions
- Rocket Explodes During U.S. Test Flight
- Short-Term Loans Comes at a Heavy Price
- Is Diversity in the Eye of the Beholder?
- Apple Stock Bounces Back Big Time
- 'Mythbusters' Build Team Gets the Boot
- Jennifer Lopez Would Marry Again
- Florida Judge Rules in Favor of GOP Voter Map
- Investors Betting on ECB Stimulus Measures