Today in the markets
U.S. stocks closed on the downside Friday after a dismal report showed manufacturing declining in the United States, keeping investors on edge.
Canada’s main index was also down despite a strong performance by Research in Motion Ltd. (TSX: T.RIM, Stock Forum), as uncertainty crept in about Spain’s economic future.
The S&P/TSX Composite Index fell 21.39 points to 12,317.46, while the TSX Venture Exchange was up 12.20 points to close at 1,334.51.
Active stocks included AZZ Inc. (NYSE: AZZ, Stock Forum) which rose 9.3% to $37.98. The stock was driven higher by second quarter earnings, which rose 65%, beating analysts’ expectations and prompting the company to raise its full year guidance.
In Canada, Research in Motion Ltd. was up 8% to $7.52, buoyed by better-than-expected second quarter earnings. However, industrials took a hit with Finning International Inc. (TSX: T.FTT, Stock Forum) tumbling 3% to $23.84 and Bombardier Inc. (TSX: T.BBD.B, Stock Forum) slipping 0.81% to $3.69.
For news about small stocks that made big moves in Friday’s trading, please read the
Stockhouse Canadian Small and Micro-cap Stock Report.