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Stocks mixed in early trading as Etsy, Staples results disappoint

Canadian Press, The Canadian Press
0 Comments| May 20, 2015

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TORONTO _ The Canadian dollar was up slightly Wednesday after the open of North American stock markets.

The loonie traded at 81.83 cents US, up 0.08 of a U.S. cent from Tuesday's close.

The S&P/TSX composite index was up 7.27 points at 15,128.29, after rising 12.90 points on Tuesday.

On the commodity markets, the July crude contract was up 82 cents at US$58.81 a barrel and the June gold contract rose $2.70 to US$1,209.40 an ounce.

U.S. stocks are opened mostly lower as traders look over some disappointing company results.

The Dow Jones industrial average slipped 24 points, or 0.1 per cent, to 18,288 as of 9:35 a.m. Eastern time Wednesday.

The Standard & Poor's 500 index gave up three points, or 0.2 per cent, to 2,124. The Nasdaq composite declined 13 points, or 0.3 per cent, to 5,056.

Etsy plunged 20 per cent after its first earnings report as a publicly traded company showed a hefty quarterly loss.

StaplesInc. (NASDAQ: SPLS, Stock Forum) fell 3 per cent after reporting a sharp drop in first-quarter earnings, and home improvement retailer

Lowes Companies Inc. (NYSE: LOW, Stock Forum) sank 5 per cent after its earnings and revenue fell short of what analysts were looking for.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.25 per cent.



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