Today in the markets
U.S. stocks ended flat on Thursday, giving up modest gains late in the session, denying the Dow a chance to inch closer to all-time highs.
Canadian stocks closed higher as investors reacted to a string of positive earnings reports from Canada’s big banks and generally lower commodities.
The S&P/TSX Composite climbed 89.44 points to 12,821.83, while the TSX Venture Exchange was down 2.24 points to close at 1,133.36.
Active stocks included Groupon Inc. (NASDAQ: GRPN, Stock Forum), which said Thursday it has replaced its Chief Executive Andrew Mason. The stock was down 24% to $4.53.
JC Penny Co Inc. (NYSE: JCP, Stock Forum) fell 17% to $17.57 after the department store operator reported a steep drop in sales.
In Canada, Trevali Mining Corp. (TSX: T.TV, Stock Forum) rose 6.3% to $1.01. The company said Thursday that 50% of the funding associated with a previously announced $60 million senior debt and prepaid precious metals facility has been approved in principle by RMB Resources, the resource financing division of FirstRand Group of South Africa.
For news about small stocks that made big moves in Thursday’s trading, please read the
Stockhouse Canadian Small and Micro-cap Stock Report