Today in the markets
U.S. stocks rallied Thursday, pushing the Dow to another record as investors cheered positive data that showed the labour market’s recovery is improving. The S&P 500 is 2 points below its record close.
Canadian stocks rebounded from Wednesday’s sharp drop on the back of rising energy issues.
The S&P/TSX Composite gained 55.80 points to 12,799.91, while the TSX Venture Exchange was off 2.75 points to close at 1,112.61.
Active stocks included Apple Inc. (NASDAQ: AAPL, Stock Forum), which rose 1% to $432.50 after one of its senior executives Phil Schiller gave interviews to U.S. media outlets in which he trashed the Android operating system that powers Samsung phones.
In Canada, Pierre Karl Peladeau is stepping aside as president and chief executive of Quebecor Inc. (TSX: T.QBR.A, Stock Forum) and Quebecor Media Inc. but will remain with the companies and oversee corporate strategy. The new president and CEO of the Quebec-based media giant will be Robert Depatie, who has been president and CEO of Quebecor's Videotron cable and telecom service since 2003.
Quebecor shares fell 4.58% to $43.80 as the company also announced a drop in quarterly profits.
Shares of BlackBerry (TSX: T.BB, Stock Forum) Blackberry pulled back Thursday, falling 3.5% to $15.48, a day after rallying on the announcement that the company received one million orders for its Blackberry 10 device from an unnamed partner.
For news about small stocks that made big moves in Thursday’s trading, please read the
Stockhouse Canadian Small and Micro-cap Stock Report