Stockhouse @ the Bell: U.S. stocks slide on $104 oil

Today on Stockhouse

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TickerTrax’s Thom Calandra describes how he will be prowling PDAC in a hunt for the junior mining 'gems'.

Top Bullboards post: “Silver Bear's principal asset is its 100% owned Mangazeisky silver project located in the Republic of Sakha, Yakutia, in the Russian Federation. The Company's most recent NI 43-101 resource estimate was announced in November 2009 with an Indicated mineral resource of 1.0 million tonnes at an average grade of 558 grams per tonne for 18 million ounces of silver and an additional Inferred mineral resource of 1.5 million tonnes at an average grade of 596 grams per tonne for 29 million ounces of silver. SO at $31.00 per ounce that equates to 1,457,000,000 worth?” From kiskadog on the Silver Bear Resources (TSX: T.SBR, Stock Forum) board.

Top Bullboard:OPEL Solar International (TSX: V.OPL, Stock Forum) received the most reads and posts on a day its share price slid 18%.

Top blog: littleguy123 discusses why our wealth-deficient economies are performing far below potential in the Outside the Market blog.

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

Word on Wall Street

"They're tugging at each other, employment and oil," said Jack Ablin, chief investment officer of Harris Private Bank, in an Associated Press. "Oil is high enough that it has to be a concern. The longer it remains at this level the greater the chance that it upends our recovery."

Today In The Markets

TSX closes up, Mideast anxieties send oil surging; U.S. jobs data disappoints

DJIA	12,169.88	-88.32
NASDAQ	2,784.67	-14.07
S&P500	1,321.15	-9.82
S&P/TSX	14,252.77	+38.05
S&P/TSX Venture	2,439.83	+29.01

Toronto & New York (The Canadian Press) - The Toronto stock market closed higher Friday, benefiting from investor nervousness about unrest in the Mideast which sent oil prices surging.

The S&P /TSX composite index gained 38.05 points to 14,252.77 as American job creation last month disappointed many investors while the TSX Venture Exchange rose 29.01 points to 2,439.83.

New York markets tumbled on the disappointing jobs data while the latest spike in oil prices raised concerns about the economic recovery.

The Dow Jones industrial average dropped 88.32 points to 12,169.88. The Nasdaq composite index shed 14.07 points to 2,784.67 while the S&P 500 index was down 9.82 points at 1,321.15.

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

After-Hours News

AT&T Inc. (NYSE: T, Stock Forum)
AT&T Inc. announced that Rick Lindner, chief financial officer, will retire effective June 1, 2011. He will be replaced by AT&T Controller John Stephens, a 19-year company veteran. Lindner has served as chief financial officer for the company since 2004, and he previously was chief financial officer for Cingular Wireless, the joint wireless venture between SBC and BellSouth.

Teck Resources Ltd. (TSX: (TSX: T.TCK.B, Stock Forum)
Teck Resources Ltd. said it has reached agreement with Westshore Terminals Limited Partnership on terms for the shipment of steelmaking coal from Teck's mines in British Columbia and Alberta for a four year term from April 1, 2012 to March 31, 2016. The new agreement contemplates Teck shipping 16 million tonnes of coal in the initial contract year, and larger amounts in subsequent years when Teck's production is scheduled to increase, all at fixed rates through Westshore. The commercial terms of the contract are confidential.