AbbVie, Oracle in vogue
Equity markets in
The S&P/TSX composite index dipped 2.94 points to stop for lunch hour at 15,109.28. The broader
The Canadian dollar vaulted
Financials, the index's most heavily weighted sector, climbed slightly, with Bank of Montreal rising 0.5% to
Shares of energy producers gained as Suncor Energy was up 0.6% at
In the gold sector, Barrick Gold Corp lost 0.5% to
On the economic front, Statistics Canada reported that consumer prices rose 2.3% in the 12 months to May, following a 2.0% increase in April. On a seasonally-adjusted monthly basis, the Consumer Price Index increased 0.2% in May, after rising 0.3% in April.
What's more, retail sales increased for the fourth consecutive month in April, advancing 1.1% to
Lastly, the ratio of Canadian household debt to income edged down further in the first quarter from the record high it hit last year, buttressing policymakers' expectations that a soft landing is in store for the housing market and family indebtedness.
The 14 Toronto subgroups were evenly split between gainers and losers, with health-care leading the former group, up 1.1%, energy better by 0.4%, and real-estate 0.2% into the green
The seven laggards were weighed by gold, down 1.2%, telecoms, worse by 0.8%, and materials, off 0.7%.
Friday started slow in the stock market, but things are heating up into lunch.
The Dow Jones Industrials pushed higher 35.70 points to greet noon at 16,957.16
The S&P 500 gathered 2.26 points to 1,961.74, but the NASDAQ composite fell 1.45 points to 4,357.88, dragged down by Oracle's poor performance.
AbbVie is trying to take a trip to
Darden Restaurants reported poor earnings and gave another glimpse into why shareholders were so mad it didn't shove Olive Garden out the door when it dumped Red Lobster earlier this year.
Darden also owns
The stock has fallen 2.4% Friday. The extra bread sticks and salad aren't cutting it.
Shares of Smith & Wesson are down over 10% on reports from the company that Americans are buying fewer guns.
Carmax is having a great morning after reporting stronger sales. The company said it had growth in every area of the company except warranties. It also said that it was continuing to test the waters of sub-prime auto lending after its financing division reported 9% growth. The stock is up 16%.
Coach has fallen about 3.5% so far today after the company said during its annual Investor Day that it was going to close 70 stores worldwide at a cost of as much as
Prices for 10-year U.S. Treasuries recovered, lowering yields to Thursday's 2.62%. Treasury prices and yields move in opposite directions
Oil prices climbed
Gold prices took on
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