Today in the markets
U.S. stocks were mostly higher Tuesday even though further losses for Apple Inc. weighed on the technology sector.
Canadian stocks finished in positive terrain after U.S. Federal Reserve Chairman painted a cautiously optimistic outlook for U.S. growth.
The S&P/TSX Composite rose 38.88 points to 12,641.97, while the TSX Venture Exchange edged up 2.26 points to close at 1,231.79.
Active stocks included Apple Inc. (NASDAQ: APPL, Stock Forum), which fell below $500 for the first time since February 2012. The dip was a continuation of a sell-off that began Monday, following reports that the company had cut orders for certain iPhone parts due to weaker-than-expected demand. The stock closed at $485.92, down 3.1%
Facebook Inc. (NASDAQ: FB, Stock Forum ) eased 2.7% to $30.10 after unveiling graph search, a new search feature that lets users search their social connections for information about people, interests, photos and places.
In Canada, Aurizon Mines Ltd. (TSX: T.ARZ, Stock Forum) said it was reviewing the unsolicited takeover proposal it received from gold miner Alamos Gold Inc. (TSX: T.AGI, Stock Forum) and advised shareholders to hold off on taking any action at this time. Aurizon rose 1% to $4.60, while Alamos added 2.15% to close at $15.22.
For news about small stocks that made big moves in Tuesday’s trading, please read the
Stockhouse Canadian Small and Micro-cap Stock Report