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Mid-morning report: stocks mixed as gold falls

Stockhouse Editorial
0 Comments| June 26, 2013


The TSX composite fell 67.58 points to 11,937.84 in mid-morning trading on Wednessday. The Dow was up 84.21 to 14,845.75, while NASDAQ gained 22.10 to 3,369.73.

The first flight of Bombardier Inc.'s (TSX: T.BBD.B) new CSeries jet has been delayed by a month and is now scheduled by the end of July. The company fell 3.6% to 4.50 a share.

U.S. stocks rose after slower-than-forecast economic growth convinced investors the Federal Reserve will maintain stimulus.

Federal Reserve Chairman Ben Bernanke said the central bank may start paring quantitative-easing measures this year if the recovery continues to improve in line with forecasts.

The price of gold fell US$42.84 to US$1,235.55 an ounce, while silver slipped US$0.88 to US$18.76 an ounce.

Tags: AEROSPACE & DEFENSE

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