Today in the markets
U.S. stocks were down Monday as a measure of U.S. factory activity slid and President Obama used social media to answer fiscal-cliff questions.
Canadian stocks finished lower, led by gold mining and financial stocks after weak U.S. and Canadian manufacturing data raised doubts about the economic outlook.
The S&P/TSX Composite Index fell 69.62 points to 12,169.74, while the TSX Venture Exchange eased 12.90 points to close at 1,208.00.
Active stocks included Yahoo! Inc. (NASDAQ: YHOO, Stock Forum), which edged down 1.2% to $18.55 after a civil court in Mexico issued a non-final judgment of $2.7 billion U.S. against Yahoo Inc. and Yahoo de Mexico, S.A. in a breach of contract lawsuit related to a yellow pages listing service.
In Canada, Research In Motion Ltd. (TSX: T.RIM, Stock Forum) (NASDAQ: RIMM, Stock Forum) was off 0.35% to $11.55 after Canaccord Genuity downgraded the stock due to concerns over BlackBerry 10.
Alacer Gold Corp. (TSX: T.ASR, Stock Forum) tumbled 3.54% to $4.36.
For news about small stocks that made big moves in Monday’s trading, please read the
Stockhouse Canadian Small and Micro-cap Stock Report