Allergan-Valeant battle continues
The S&P/TSX composite index nicked up 8.65 points at Tuesday's open to 15,114.28. The index has climbed 11% since the year began.
The Canadian dollar dropped
Federal Finance Minister
U.S. officials ordered
Allergan Inc on Monday advised investors not to sell their shares to Valeant Pharmaceuticals International which launched a hostile takeover offer for the
Canaccord Genuity cut the rating on Augusta Resource to hold from speculative buy. Augusta shares deducted
Among the 14 Toronto subgroups, losers outnumbered gainers eight to six, as information technology stocks slid 0.6%, global base metals faded 0.5%, and health-care doffed 0.3%.
The half-dozen gainers were led by gold, up 0.4%, materials, advancing 0.3%, and the metals and mining group, better by 0.2%.
The Dow Jones Industrials took on 9.66 points to begin the day at 16,946.92
The S&P 500 nicked up 1.33 points to 1,963.64, and the NASDAQ composite gained 14.06 points to 4,382.74
Stocks soared to all-time highs last week as investors remain confident that global monetary policy will continue to support the market. But the tone has been cautious so far this week as investors look for the next catalyst to move the market one way or another.
Walgreens said earnings rose nearly 16% in the first quarter, but the results missed analysts' expectations. Shares fell more than 1%.
Shares in Avago Technologies were up 2.5% after the
Home prices throughout
Still to come, the U.S. government will post May data on new home sales and the Conference Board will release its monthly consumer confidence index.
Prices for 10-year U.S. Treasuries gained ground, lowering yields to 2.60% from Monday's 2.62%. Treasury prices and yields move in opposite directions.
Oil prices fell
Gold prices gained
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