Earnings stay positive
The S&P/TSX composite index grew 81.33 points, to greet noon at 15,475.78
The Canadian dollar faded
The metals and mining sector was down, giving back all of the gain racked up Thursday in the wake of a strong report on Chinese manufacturing.
However, that data competed with a warning from the
September copper was unchanged at
In other corporate news,
It is hoped the deal could lead to a series of global infrastructure projects between SNC and the Chinese nuclear industry. SNC rose
Nine of the 14 Toronto subgroups gained ground during the morning session, with gold jumping 2.4%, materials improving 1.6%, and consumer staples up 1%.
The five laggards were weighed mostly by telecoms, down 0.7%, while the metals and mining and health-care groups each stepped back 0.2%.
Stocks appeared to be ending the week on a sour note, as the clock approached
The Dow Jones Industrials plummeted 124.13 points to pause for lunch at 16,959.67. A 4% drop In Visa, which has the biggest weighting in the Dow, weighed down the blue chips.
The S&P 500 dropped 8.81 points to 1,979.17. The NASDAQ composite slipped 25.15 points to 4,446.96, largely due to a more-than-11% drop in Amazon following its latest earnings.
Amazon's sales jumped more than 20% but it also reported a
Visa is having the second-worst day in the S&P 500 behind Amazon. It's down more than 4% in mid-morning trading.
It had a great quarter that exceeded expectations and even spurred a number of price target upgrades from analysts. But it lowered its revenue growth forecast. Rival MasterCard, whose earnings come out in a week, is down 2%.
Starbucks is also out with a good quarter that doesn't seem to be swaying investors. Its shares are down 2%.
Today's the first day of trading for
The company has a lot of debt and isn't exactly Chipotle, but it has ambitious expansion plans and healthy IPO market behind it. The stock is up 28% so far.
A few other companies are due to debut today, but it remains to be seen if they have
Cynk Technology, the mysterious social network with no earnings, revenue or even assets, is once again trading after the
21st Century Fox merged its BSkyB cable assets in
Prices for 10-year U.S. Treasuries gained ground, lowering yields to 2.48% from Thursday's 2.51%. Treasury prices and yields move in opposite directions.
Oil prices docked a penny to
Gold prices added
Most Popular Stories
- Toxic Algae Threatens Florida Fishing, Tourism
- Hispanic Groups Lead Voter Registration Drive
- Fed Signals It Will Keep Key Rate at Record Low
- Eva Mendes Gives Birth to a Baby Girl
- Plus-Size iPhones Live Up to The Hype
- FedEx Adding 50,000 Holiday Jobs
- Stocks Rise Before Fed Statement
- Occupy Wall Street Buys Up Student Debt
- Cool Features on Today's New iOS 8
- Kohl's Hiring 67,000 for the Holidays