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.
Jeff Berwick writes about what he considers to be the debt ceiling charade.
Top Bullboards post: “'Supposedly' negotiations are going 'well' with the two communities - North and South of Fortuna's San Jose mine - to get approval to drill. They are sampling there now. We'll see...” From Bytes on the Aura Silver Resources (TSX: V.AUU, Stock Forum) board.
Top Bullboard:Sino-Forest (TSX: T.TRE, Stock Forum) received the most reads and posts.
Top blog: twebca claims insiders are buying this coal junior, which trades at half its book value in the Twebs Thoughts 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
"It's definitely going to be a rocky couple of days," said John Canally, an economist with LPL Financial, in an interview with Associated Press. "It's a very confusing time, but once this cloud lifts, market participants are going to turn around and say, `This isn't so bad.'"
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Changyou.com (NASDAQ: CYOU) |
Q2 |
$0.93 vs. $0.79 |
|
| Quality Distribution (NASDAQ: QLTY) |
Q2 |
$0.17 vs. $0.10 |
|
| Sohu.com (NASDAQ: SOHU) |
Q2 |
$1.06 vs. $0.82 |
|
| Titanium Metals (NYSE: TIE) |
Q2 |
$0.16 vs. $0.11 |
|
Today In The Markets
Economic growth disappointments, U.S. debt impasse sends stock markets lower
|
| DJIA |
12,143.24 |
-96.87 |
 |
|
| NASDAQ |
2,756.38 |
-9.87 |
|
|
| S&P500 |
1,292.28 |
-8.39 |
|
|
| S&P/TSX |
12,945.63 |
-102.15 |
|
|
| S&P/TSX Venture |
1,979.10 |
-4.85 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market closed sharply lower Friday as investors sold off stocks across most sectors amid worse than expected economic figures for Canada and the United States.
Investors also looked for the next move in resolving the U.S. debt crisis.
The S&P /TSX composite index fell 102.16 points to 12,945.63, while the TSX Venture Exchange declined 4.85 points to 1,979.1.
The Dow industrials fell 96.87 points to 12,143.24. The Nasdaq composite index gave back 9.87 points to 2,756.38 while the S&P 500 index lost 8.39 points to 1,292.28.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Sulliden Gold (TSX: T.SUE, Stock Forum)
At Friday's close, the junior miner announced an updated National Instrument 43-101 mineral resource estimate for its Shahuindo Gold and Silver Project in Peru, which showed an Indicated mineral resource totaling 1,971,000 ounces of gold grading 0.52 g/t and 27,980,000 ounces of silver grading 7.3 g/t and an Inferred mineral resource totaling 1,436,000 ounces of gold grading 0.73 g/t and 38,580,000 ounces of silver grading 19.1 g/t.