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Stockhouse @ the Bell: Stocks up as Apple loses shine

Stockhouse Editorial
0 Comments| December 7, 2012


Today in the markets 

U.S. stocks edged mainly higher Friday as better than expected job stats offset losses by Apple that weighed on the Nasdaq composite index. 

Canadian stocks ended higher despite a late retreat by shares of Nexen and Progress Energy, ahead of govt. decisions relating to takeover bids by foreign state-owned enterprises. 

The S&P/TSX Composite Index rose 8.64 points to 12,159.77, while the TSX Venture Exchange eased 0.64 points to close at 1,186.06.

Active stocks included Apple Inc. (NASDAQ: AAPL, Stock Forum), which started sinking after the release of weak consumer sentiment data in the U.S.  Shares of the iPhone maker finished down 2.6% at $533.25.

In Canada, shares of Nexen Inc. (TSX: T.NXY, Stock Forum) (NYSE: NXY, Stock Forum) eased 6% to $23.41 after The European Commission has given its OK to China National Offshore Oil Co.'s (CNOOC)(NYSE: CEO, Stock Forum) $15.1-billion bid for Calgary-based energy firm.  Progress Energy Resources Corp. (TSX: T.PRQ, Stock Forum) finished down 4.3% at $19.37.

In other corporate news, the $6.1-billion takeover of Viterra Inc. (TSX: T.VT, Stock Forum) by Swiss commodity trader Glencore International has been approved by China's ministry of commerce. Viterra shares were up 2.3% to $16.21.

For news about small stocks that made big moves in Friday’s trading, please read the

Stockhouse Canadian Small and Micro-cap Stock Report


Tags: OIL & GAS E&P COMPUTER SYSTEMS CONSUMER ELECTRONICS STOCKS

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