Today in the markets
U.S. stocks were higher Friday as investors welcomed a batch of better-than-expected corporate results from Procter & Gamble and Starbucks.
Canadian stocks were flat as mining shares fell alongside prices for gold and copper.
The S&P/TSX Composite eased 7.59 points to 12,816.03, while the TSX Venture Exchange edged down 2.20 points to close at 1,227.26.
Active stocks included Proctor & Gamble Co. (NYSE: PG, Stock Forum), which rose 4% to $73.25 as the maker of Tide and Pampers said quarterly net income more than doubled to US$4.06 billion or $1.39 a share.
Starbucks Corp. (NASDAQ: SBUX, Stock Forum) rose 4% to $56.81 after posting a 13% increase in profits.
Oilfield services company Halliburton Co. (NYSE: HAL, Stock Forum) was up 5% to $39.72 after posting a 26% decline in fourth quarter net income, hit by hosts from the 2010 Gulf oil disaster.
In Canada, Talisman Energy Inc. (TSX: T.TLM, Stock Forum) was up down 1.3% to $12.04 on news that it plans to cut costs and jobs as it aims for lower G&A spending.
For news about small stocks that made big moves in Friday’s trading, please read the
Stockhouse Canadian Small and Micro-cap Stock Report