Financials prove stronger
The S&P/TSX composite index were still negative 27.09 points to greet noon at 15,534.86
The Canadian dollar was up
Financials advanced a day before
The gold sector declined, as Goldcorp fell
The metals and mining segment fell with September copper was unchanged at
The energy sector edged lower, as
Speaking of things economic, Statistics Canada reported this morning that the number of people receiving regular
Nine of the 14 Toronto subgroups were negative by noon hour ET, as gold slumped 2.8%, materials were down 2%, and metals and mining were off 1.5%
The five gainers were led by financials, up 0.4%, consumer staples, up 0.3%, and consumer discretionaries, ahead 0.1%.
A stock market bounce-back is in full effect.
The Dow Jones Industrials moved up 69.58 points to stop for lunch Thursday at 17,048.71
The S&P 500 moved higher 4.23 points to 1,990.74. If the gains hold through the end of the day, it would be the 28th record close this year for the popular index of U.S. stocks.
The NASDAQ dipped 3.34 points to 4,523.14
Strong corporate earnings and U.S. economic data are soothing concerns about the health of America's businesses and overall economy. Hewlett-Packard beat expectations in its quarterly report last night.
Family Dollar Stores rejected Dollar General's
Family Dollar shares shed 0.2% to
Sears Holdings tumbled 7.2% to
In economic news, initial jobless claims fell by 14,000 to 298,000 last week, basically in line with the 300,000 claims expected by economists.
Three other economic reports were due later, the most closely watched of which may be existing-home sales for July, which economists expect to hold steady. Also out at that time: the Philadelphia Fed manufacturing survey for August and leading indicators for July.
With time to mull it over, investors appeared to further shrug off the Fed minutes released Wednesday that showed some officials arguing the groundwork should be laid for raising interest rates sooner than expected. A Thursday report showing a three-month low for Chinese factory data was also brushed aside.
Prices for 10-year U.S. Treasuries were lower, raising yields to 2.42% from Wednesday's 2.41%. Treasury prices and yields move in opposite directions.
Oil prices inched up
Gold prices were lower by
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OCTOBER 30, 2014
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