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Stock markets up in early trading

Stockhouse Editorial
0 Comments| June 27, 2013

North American stocks opened to the upside Thursday following some upbeat U.S. economic data.

The TSX rose 69 points to 12,020, while the Venture exchange added six points at 866.

Gold, mining, and energy stocks led the TSX’s advance Thursday.

Big movers on Bay Street included shares of Bellatrix Exploration (TSX: T.BXE), which jumped 10% to $6.02 after the company said it has closed a joint venture with Grafton Energy to accelerate development on a portion of its undeveloped land holdings in the Willesden Green and Brazeau areas of west-central Alberta.

The Dow moved 144 points higher 15,053, and the Nasdaq advanced 30 points to 3,405.

In U.S. economic news, the Labor Department Thursday reported that initial claims for unemployment benefits fell 9,000 to a seasonally adjusted 346,000 in the week that ended June 22. As well, the Commerce Department announced that consumer spending increased 0.3% last month after a revised 0.3% decline in April.  

The price of gold gained $7.70 to US$1,234, while silver prices were up 30 cents to $18.84.   

Tags: OIL & GAS E&P

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