Stockhouse @ the Bell: Fed, retail sales spark stock market rally

Today on Stockhouse

Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.

Frank Holmes of U.S. Global Investors writes about appreciating China investing to its fullest.

Top Bullboards post: “DML will have better QTR results, properties are solid. Production #'s look realistic and the Spot and Long Term prices should lift 3-5% in the next 4-6 months. This setback will hurt us for 2 QTR's and by the fall we will be glad to have held our stock positions. Nobody likes getting punched in the gut, we just did, but we will recover. As for Management, they need to bring their "A" game, we cannot have another year of the same effort and drive they gave us last year. The time is now to roll up the sleeves and dig deep.” From up2005 on the Denison Mines (TSX: T.DML, Stock Forum) board.

Top Bullboard: CardioComm Solutions (TSX: V.EKG, Stock Forum) collected the most posts and the second-most reads on a day its stock price jumped more than 15%.

Top blog:LexLuthor2 provides some natural resource stock picks in the Lex Corp News Letter blog.

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

Word on Wall Street

"Spending is picking up, with consumers showing a willingness and ability to spend, which suggests that retail stocks will really be coming into the market," said David Joy, chief market strategist at Ameriprise Financial, in an interview with Reuters.

Today In The Markets

Stocks up: U.S. retail data, Federal Reserve reinforce view of improving economy

DJIA	13,177.68	+217.97
NASDAQ	3,039.88	+56.22
S&P500	1,395.95	+24.86
S&P/TSX	12,537.69	+109.68
S&P/TSX Venture	1,627.37	-8.73

TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed higher Tuesday as the U.S. Federal Reserve offered further indications that the economic recovery south of the border is continuing at a steady but slow pace.

The S&P/TSX composite index jumped 109.68 points to 12,537.69 as the Fed left its key interest rate near zero and said that it expects to keep rates exceptionally low through at least late 2014. The TSX Venture Exchange slipped 8.72 points to 1,627.37 while the Canadian dollar gained 0.35 of a cent to 101.09 cents US.

U.S. markets gained momentum following the Fed decision as the Dow industrials surged 217.97 points to 13,177.68, the highest since Dec. 31, 2007. The Nasdaq was ahead 56.22 points at 3,039.88 and the S&P 500 index moved up 24.87 points to 1,395.96.

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

After-Hours News

Citigroup (NYSE: C, Stock Forum)
After Tuesday’s close, the Federal Reserve said the third-largest bank in the U.S. failed to show it has enough capital to survive another serious downturn. Analysts were expecting the bank to pass the stress test, especially after it reported two years of profits. Citigroup shares fell more than 3% in after-hours trading.

Bayfield Ventures (TSX: V.BYV, Stock Forum)
The junior explorer, after Tuesday’s closing bell, announced additional assays from the exploration of the eastern portion of its 100% owned Burns Block gold-silver project located in the Rainy River District of northwestern Ontario, which included 13.94 grams per tonne (g/t) gold over 3.0 metres within 3.46 g/t gold over 19.5 metres.