Stockhouse @ the Bell: U.S. stocks retreat on factory stats

Today on Stockhouse

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Get the facts on gold investing including eight exclusive feature stories in the Stockhouse North American Gold Report.

Thom Calandra believes this gold junior's shares could rocket on an Osisko joint venture.

Top Bullboards post: “Just another point can't say that I have seen many juniors in my experience advance their project at such a rapid pace of development at $16.00 a pound for uranium way below what most of us here were expecting in my opinion plus allot of upside on the exploration side of the project for both REEs & U since they only did some work on about 1/3 of their land claim I think the next step when they do their final feasibility study it could become a U credit operation. Bare in mind this is only the start of stage 4 in development of a mine & the more they move their resources from inferred to indicated category with their current infill drilling program along with some outstepping drilling that asset will only grow furthermore in value for the company & shareholders.” From tibutch on the Pele Mountain Resources (TSX: V.GEM, Stock Forum) board.

Top Bullboard:Sino-Forest (TSX: T.TRE, Stock Forum) received the most reads and posts on a day its share price surged more than 26%.

Top blog:coffintrader advises speculators to keep their eyes on this uranium junior in the WallStreet Investing blog.

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

Word on Wall Street

"There hasn't yet really been a reason to get concerned about corporate America," said Randy Warren, chief investment officer of Warren Financial Service, in an interview with Associated Press. "It's the rest of the America that's struggling."

Today In The Markets

Toronto stock market closes higher, oil surges on expectations for higher demand

DJIA	12,569.87	-12.90
NASDAQ	2,825.77	+9.74
S&P500	1,337.88	-1.79
S&P/TSX	13,425.30	+38.81
S&P/TSX Venture	1,931.94	+10.03

Toronto & New York (The Canadian Press) - Surging prices for oil and gold helped drive the Toronto stock market modestly higher Tuesday.

The S&P/TSX composite index gained 38.81 points to 13,425.3, its sixth straight positive close, while the TSX Venture Exchange was ahead 10.03 points to 1,931.94. The Canadian dollar was down 0.25 of a cent to 103.82 cents US.

But New York markets failed to find much lift Tuesday from data showing that U.S. factory orders rose by 0.8 per cent in May while April's performance was revised up to negative 0.9 per cent from negative 1.2 per cent.

The Dow Jones industrial average was down 12.9 points to 12,569.87. The Nasdaq composite index was 9.74 points higher to 2,825.77 while the S&P 500 index declined 1.79 points to 1,337.88.

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

After-Hours News

Pegasystems Inc. (NASDAQ: PEGA, Stock Forum)
Pegasystems Inc. a leader in business process management and software for customer centricity, announced that it has signed a lease to move its corporate headquarters to an office complex at One Rogers Street and One Charles Park in Cambridge, Massachusetts. Relocation to the new office facility is expected to begin later this year. The new location will provide space for an increasing Cambridge-based workforce, as well as expanded training facilities. This new office will initially represent a 40 percent increase in space for Pegasystems, compared to its current corporate headquarters.

First Nickel Inc. (TSX: T.FNI, Stock Forum)
First Nickel Inc. announced that it has entered into a credit agreement with respect to a previously announced project financing arrangement with Société Générale (Canada Branch), as Administrative Agent and Lender and Commonwealth Bank of Australia, as Documentation Agent and Lender for a senior debt facility of up to C$30 million maturing on March 31, 2015. Initial funding under the Facility will be subject to implementation of a hedging program and certain other customary funding conditions set forth in the credit agreement. The proceeds of the Facility will be used to partially fund the direct and indirect development and start-up costs at the Company's Lockerby Depth Project, near Sudbury, Ont.