Stock markets mixed at the open

Stockhouse Editorial
0 Comments| February 26, 2013


North American stocks were mixed as traders took in positive news on the U.S. homes and consumer confidence front, while monitoring political uncertainty in Italy. 

The TSX was eased down 16.49 points to 12,634.38, while the Venture exchange dropped 5.95 points to 1,135.05. 

Bank of Montreal (TSX: T.BMO, Stock Forum) got the banking sector’s first quarter earnings season off to a bang, delivering surprisingly strong revenue and profit that remained above $1 billion – beating analysts estimates. The stock rose 1.1% to $63.62. 

Blackberry (TSX: T.BB, Stock Forum) fell 1.8% to $13.23 on news that Samsung is making a major move into the corporate smartphone market once dominated by the Canadian company. The “enterprise mobile solution” is aimed at strengthening Samsung’s position in the business to business market, according to a published report. 

The Dow was up 70.42 points to 13,854.59 and the Nasdaq rose 1.384 points to 3.117,64. 

Gold prices dropped $1.52 to $1,591.95, while the price of silver was off $0.171 to $28.85.


Tags: GOLD COMMUNICATION EQUIPMENT BANKS - GLOBAL SILVER

Rate this article
3 stars
v
Usefulness

Clarity

Credibility

Comments

No comments yet. Be first to comment!

Leave a Message

You must be logged in to access this feature.