Metals lead, energy sags
The S&P/TSX composite index dipped 9.82 points to close out Monday at 15,445.22. The index is still up about 13% this year.
The Canadian dollar climbed
Big names in the Canadian gold mining and energy sector, such as Barrick Gold Corp. and Suncor Energy, report their second-quarter results this week.
Those two sectors are the best performing on the TSX year to date with energy up 19% while the gold sector is up 28%, but that's after being cut in half last year.
Barrick shares dropped
Bombardier also reports its results Thursday. Its shares dipped
The energy sector declined, and Athabasca Oil Corp. shares were
Techs were also weak with BlackBerry down
The data calendar for
Nine of the 14 Toronto subgroups were higher on the day, metals and mining leading the parade, up 1.1%, gold, up 0.8%, and global base metals, spiking 0.7%.
The five laggards were weighed mostly by energy, sagging 0.8%, information technology, sinking 0.7%, and industrials, off 0.6%.
It was another merger Monday on
The Dow Jones Industrials overcame early negative readings and closed 22.02 points in the green at 16,982.59.
The S&P 500 eked 0.57 points higher to 1,978.91. The NASDAQ composite fell 4.65 points to 4,444.91
Zillow confirmed that it plans to buy Trulia for
The acquisition merges the two biggest names in online housing, and some media outlets reported last week that some real estate agents were nervous that the sites' combined depth of local housing data could make in-person brokers irrelevant. Shares of Trulia surged 18%, while Zillow was up modestly.
Family Dollar shares rallied 25% on news that it's beng bought by another discount retailer, Dollar Tree, for
Tyson Foods shares were up after the company announced in its earnings report that it plans to sell its Mexican and Brazilian poultry units for
Shares of Wynn Resorts got a boost ahead of its quarterly earnings report scheduled for Tuesday. Last week, the
Rite Aid shares lost steam due to reports that hedge fund manager
Prices for 10-year U.S. Treasuries lost ground, raising yields to 2.49% from Friday's 2.47%. Treasury prices and yields move in opposite directions.
Oil prices decreased
Gold prices took on
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