Canadian stocks began Monday slightly higher as investors digested the country's second-quarter growth data.
The S&P/TSX composite index gained 27.56 points to begin an abbreviated week at 15,121.81
The Canadian dollar slid
Markets are shuttered Tuesday for
Thomson Reuters is revising its foreign exchange trading rules, the company said, following consultations with market participants. Thomson shares dipped
Barclays raised the rating on Canadian National Railway to overweight. CNR shares vaulted
On the economic slate, Statistics Canada reported this morning that monthly gross domestic product grew 0.1% in April, the same pace as in March. The nation's number crunchers also reported that output of service industries increased 0.3%, while the output of goods-producing industries declined 0.3%.
Eight of the 14 Toronto subgroups were higher, led by information technology, up 0.8%, industrials, ahead 0.7%, and financials, moving up 0.4%.
The half-dozen laggards were weighed mostly by gold, 0.7% less shiny, health-care, down 0.6%, and global base metals, sinking 0.5%.
The Dow Jones Industrials advanced 19.11 points to 16,870.95
The S&P 500 picked up 3.25 points to 1,964.21, and the NASDAQ composite gained 11.36 points to 4,409.29.
The year started ominously due to emerging market concerns and severe winter weather, but things have turned around on
The S&P 500 is up about 6% during the first six months of 2014, even after losing some ground last week. Of course, the first-half rally pales in comparison with 2013 when the S&P 500 soared 12.6% by this point.
Yahoo enjoyed a 2% bump after the Internet company was upgraded to "overweight" by Piper Jaffray.
Shares of MannKind soared 10% after the company said the
U.S. Steel shed 1% as investors react to the company being kicked out of the S&P 500. The steel maker, an original member of the S&P 500, is being replaced by Martin Marietta Materials, which traded about 2% higher on Monday.
Facebook is in hot water after it was revealed the social network conducted a 'mood' experiment on users without their knowledge or explicit consent.
Prices for 10-year U.S. Treasuries sagged, boosting yields to 2.55% from Friday's 2.53%. Treasury prices and yields move in opposite directions.
Oil prices dipped
Gold prices sank
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