Today in the markets
U.S. stocks closed lower Tuesday, as the focus shifted to quarterly earnings and reports that stress tests on Spanish banks were inadequate.
Canada’s main index drifted higher as rising mining and information technology stocks outweighed weak commodity prices and uncertainty about the Spanish bailout.
The S&P/TSX Composite Index rose 21.04 points to 12,391.23, while the TSX Venture Exchange was down 6.92 points to close at 1,331.78.
Active stocks included Chipotle Mexican Grill Inc. (NYSE: CMG, Stock Forum). The stock fell 4% to $302.96 after David Einhorn of Greenlight Capital told investors that Chipotle’s biggest challenge is Taco Bell (NYSE: YUM, Stock Forum). Yum Brands Inc. eased 1.4% to $66.45
In Canada, Energy and industrial stocks were winners with Birchcliff Energy Ltd. (TSX: T.BIR, Stock Forum) rising 10.3% to $7.70, and Trican Well Service Ltd. (TSX: T.TCW, Stock Forum) jumping 4.3% to $13.45.
Westport Innovations Inc. (TSX: T.WPT, Stock Forum) led industrial issues, gaining 5% to $29.06, while Transcontinental Inc. (TSX: T.TCL.A, Stock Forum) picked up 0.6% to close at $8.19.
For news about small stocks that made big moves in Tuesday’s trading, please read the
Stockhouse Canadian Small and Micro-cap Stock Report