Stockhouse @ the Bell: U.S. stocks up as Mubarak resigns

Today on Stockhouse

Jeff Clark of DailyWealth looks at the question that could spark a market crash.

Dudley Pierce Baker explains why cash will be king as the markets hit crossroads.

Tony D’Altorio writes about the challenges facing Brazilian oil producer Petrobras.
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Top Bullboards post: “The market has great confidence in the management at GMA. The results from Hole #1 were great. Drilling is ongoing, and will continue until spring breakup. Results from 4 holes are imminent with a steady flow of results coming from the remaining 7200 m of drilling over the coming weeks. What is there not to like about this story.” From Miner49er in the Geomega Resources Inc. (TSX: V.GMA, Stock Forum) board.

Top Bullboard: Intertainment Media Inc. (TSX: V.INT, Stock Forum) received the most posts and reads.

Top blog: Architeuthis wonders if anyone has thoughts about Rodinia Oil Corp. (TSX: V.ROZ, Stock Forum) in the Thoughts from the Deep blog. Architeuthis says the word lottery ticket comes to mind, but adds that they have some interesting geology.

For news about small stocks that made big moves in Friday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report

Today on Stockhouse

“The market is excited about the fact that we’re getting closer to a resolution,” said Burt White, chief investment officer at LPL Financial. “It just kind of lowers the blood pressure of the market a little bit.” He was speaking during an interview with MarketWatch

Today In The Markets

TSX closes lower; oil falls to 10-week low as Egyptian risk premium unwinds

DJIA	12,273.26	+43.97
NASDAQ	2,809.44	+18.99
S&P500	1,329.15	+7.28
S&P/TSX	13,766.76	-73.81
S&P/TSX Venture	2,357.56	+9.74

Toronto & New York (The Canadian Press) - The Toronto stock market closed lower as energy stocks declined alongside oil prices which fell after Egyptian president Hosni Mubarak stepped down amid widespread protests.

The S&P/TSX composite index fell 73.81 points to close at 13,766.76.

The Canadian dollar was up 0.92 of a cent to 101.34 cents U.S. amid data showing that the country's trade balance with the rest of the world went from a deficit of $115 million in November to a surplus of $3 billion in December.

Oil fell $1.15 to a 10-week low of US$85.58 a barrel.

Prices had surged as high as US$92 amid concerns about the Suez Canal remaining open during the protests in Egypt and the unrest spreading to the oil-rich Middle Eastern countries.

The Dow Jones industrial average closed up 43.97 points at 12,273.26. The Nasdaq composite index rose 18.99 points to 2,809.44 while the S&P 500 index was ahead 7.28 points to 1,329.15.

Please click here for the complete U.S. and Canadian market summaries.

After-Hours News

Evolving Systems, Inc. (NASDAQ: EVOL, Stock Forum)
Evolving Systems, Inc., a leading provider of software solutions and services to the wireless, wireline and cable markets, announced that on February 11, 2011, it amended its stockholder Rights Plan to effect the Plan's termination. The amendment changes the date for expiration of the rights issued pursuant to the rights agreement from March 4, 2019 to March 1, 2011. Accordingly, effective March 1, 2011, the Plan will be terminated.

Canfor Corp. (TSX: T.CFP, Stock Forum)
Canfor Corp. announced today James F. Shepard, President and CEO of the Company has decided to retire at the Company's next annual general meeting of shareholders, currently scheduled for May 5, 2011. He will be replaced by Don Kayne who has been with the company for over 32 years and is currently the vice-president of wood products, marketing and sales.