Today in the markets
U.S. stocks rose Wednesday, as lawmakers voted to extend the country’s borrowing limit, ahead of Apple’s first quarter results, which were released after the close of trading.
Canadian stocks were lower as investors absorbed a day of mixed earnings reports and the expected vote on raising the U.S. debt ceiling.
The S&P/TSX Composite fell 30.58 points to 12,794.05, while the TSX Venture Exchange edged up 0.46 points to close at 1,241.53.
Active stocks included Advanced Micro Devices Inc. (NYSE: AMD, Stock Forum) which leapt 11.4% to $2.73 after reporting revenue that topped estimates.
In Canada, Iamgold Corp. (TSX: T.IMG, Stock Forum) shares were down 14.55% to $9.22 after the miner reduced its exploration activity in Mali as a precaution caused by unrest in the West African country.
In other corporate news, Aurizon Mines Ltd. (TSX: T.ARZ, Stock Forum) is urging shareholders reject a $780-million hostile takeover bid by Alamos Gold Inc. (TSX: T.AGI, Stock Forum), which is offering a combination of cash and shares. Aurizon rose 0.42% to $4.76, while Alamos gained 0.63% to close at $16.05.
For news about small stocks that made big moves in Wednesday’s trading, please read the
Stockhouse Canadian Small and Micro-cap Stock Report