Gold stocks take pounding
The S&P/TSX composite index hesitated 45.07 points to greet noon at 15,221.50. The index hit a record high of 15,291.15 on Friday
The Canadian dollar slipped
Cenovus Energy Inc slipped 1% to
Encana Corp was off 0.8% at
The energy and materials sectors, two of the TSX's largest, have both made significant gains so far this year.
Gold stocks sank, too, most notably, Barrick Gold, down
Clashes broke out in the rebel-held city of
Meanwhile, Israeli jets, tanks and artillery pounded
All but two of the 14 Toronto subgroups were lower at noon, as gold moved downward 1.1%, materials shed 0.9%, and consumer discretionary stocks, dimmed 0.6%.
The two gainers were health-care, up 0.7%, and the metals and mining group, up 0.03%.
Stocks are down Monday in the U.S. and around the world, although the damage in the U.S. abetted a bit after
The Dow Jones Industrials skidded 73.15 points – though off its lows of the morning -- to 17,027.03.
The S&P 500 fell 8.42 points to 1,969.80, and the NASDAQ composite demurred 18.40 points to 4,413.75
Tobacco stocks are wilting in the face of a potential
Reynolds American fell 1% in early trading, and Lorillard, which Reynolds agreed to buy last week, is down 1.5%. Philip Morris and Altria Group were each down around 0.6%.
Fast food giants McDonald's and Yum! Brands, which runs KFC,
The pair have cut ties to a meat supplier that supposedly processed tainted beef and chicken. Yum shares are down 3.3% and McDonald's stock is off 1%.
Investor darling GoPro, which debuted about a month ago and has been climbing ever since, got an initial "overweight" rating from JP Morgan Monday. The stock is up 3% so far today, and almost 80% higher than its IPO price.
Obama spoke on both crises in a statement, calling for a ceasefire in the deadly
Prices for 10-year U.S. Treasuries gained bit of ground, lowering yields to 2.46% from Friday's 2.48%. Treasury prices and yields move in opposite directions.
Oil prices gained
Gold prices added
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