Oil remains concern
The S&P/TSX composite index faded 3.34 points to end Monday at 15,105.63. Still, the benchmark index is up about 11% this year.
The Canadian dollar gathered
Financials, eked ahead on the day, despite Toronto-Dominion Bank losing
The materials sector, which includes mining stocks, gained some ground, helped by an increase in copper prices. First Quantum Minerals Ltd jumped -
In corporate news, Allergan Inc. advised investors not to sell their shares to Valeant Pharmaceuticals International, which launched a hostile takeover offer for the
Canadian engineering and construction company SNC-Lavalin Group said that it would acquire British energy services provider Kentz Corp for about 1.16 billion pounds (
On the economic front, data showed the Chinese manufacturing sector moving into expansion territory. HSBC's purchasing managers' index hit a seven-month high at 50.8, the first time the index has moved above the 50 level since December.
However, other data showed that business activity in the euro-zone slowed for a second straight month in June. Data firm Markit said its composite purchasing managers' index for the euro-zone fell to 52.8 from 53.5 in May. Activity in
Eight of the 14 Toronto subgroups were higher Monday, with global base metals and gold helping show the way, each climbing 1.5%, while materials took on 1.1%.
The half-dozen laggards were held down by consumer discretionaries, off 0.7%, health-care, trailing Friday's close by 0.6%, and real-estate, 0.5% to the worse.
Stocks slid from their former record-breaking perches Monday.
The Dow Jones Industrials faded 9.82 points to greet the closing bell at 16,937.26
The S&P 500 deducted 0.26 points from Friday's all-time record to 1,962.61, but the NASDAQ composite inched forward 0.64 points to 4,368.68
Many still hope this could be the week the Dow cross the 17,000 mark for the first time, but it's not looking promising today. It's largely a psychological barrier, but it would be another point in the market's phenomenal bull run that saw the Dow close above 16,000 for the first time just seven months ago.
American Apparel board co-chairman
The company is struggling to turn itself around. Shares are down about 2% for the day and continue to trade for less than
Lululemon shares have bounced today after reports that the company's founder
Computer giant Oracle purchased MICROS Systems, one of its largest customers, for more than
General Electric has finally closed the deal on French company Alstrom to the tune of
Wisconsin Energy announced this morning that it will acquire Integrys Energy Group for
Crude oil prices rose Monday as investors worry about militants taking over large parts of
Things are looking up in the U.S. America's purchasing managers index came in above expectations and is pointing toward growth in the sector the second half of the year. Additionally, the Federal Reserve Bank of
Homebuilder stocks like Toll Brothers and PulteGroup were slightly positive. Lennar was slightly negative.
The NAR said that May's uptick, at nearly 5%, was the fastest month-to-month growth since
Prices for 10-year U.S. Treasuries fell, raising yields back to Friday's 2.62%. Treasury prices and yields move in opposite directions.
Oil prices dipped
Gold prices fell
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