Today in the markets
U.S. stocks slipped Monday as retailers fell on concerns about heavy discounts at the start of the U.S. holiday shopping season. But gains by Apple and eBay pushed the Nasdaq higher.
Canadian stocks took a small dive, with investors wary ahead of a euro-zone finance ministers talks on debt burdened Greece and U.S. negotiations over the “fiscal cliff.”
The S&P/TSX Composite Index fell 28.19 points to 12,185.05, while the TSX Venture Exchange eased down 33.22 points to close at 1,225.75.
Active stocks included Abercrombie & Fitch Co. (NYSE: ANF, Stock Forum), which rose 0.47% to $44.61, making it the strongest performer in the S&P 500, on reports that the retailer had a solid sales weekend.
Apple Inc. (NASDAQ: AAPL, Stock Forum) rallied 3.1% to $589.53, while eBay Inc. (NASDAQ: EBAY, Stock Forum) was up 4.9% to $51.40.
In Canada, Duluth Metals Ltd. (TSX: T.DM, Stock Forum) announced that a fourth drill rig has been mobilized on Duluth Metals 100% owned exploration properties in the Duluth Complex in Minnesota. Duluth jumped 3% $2.45.
Research In Motion Ltd. (TSX: T.RIM, Stock Forum) (NASDAQ: RIMM, Stock Forum) is still in the news, having announced that more than 50 carriers have now implemented integrated carrier billing on the BlackBerry App World storefront for their customers. RIM stock shot up 2.5% to $11.90.
For news about small stocks that made big moves in Monday’s trading, please read the
Stockhouse Canadian Small and Micro-cap Stock Report