Today in the markets
U.S. stocks bounced back Tuesday as investors welcomed better-than-expected reports on home prices and durable goods.
Canadian stocks also advanced, led by energy and financial sectors as traders digested positive U.S. housing and durable goods data.
The S&P/TSX Composite was up 25.67 points to 12,706.38, while the TSX Venture Exchange was off 7.32 points to close at 1,096.03.
Active stocks included Netflix Inc. (NASDAQ: NFLX, Stock Forum), which rose 5.4% to $190.61 after a Pacific Crest Securities analyst raised his price target to $225 from $160 on the film-subscription provider.
Monsanto Co. (NYSE: MON, Stock Forum) rallied 4.4% to $103.79 and shares of Dow component E.I. DuPont de Nemours & Co. (NYSE: DD, Stock Forum) fell 0.29% to $48.97 after the companies resolved a legal battle over rights to genetically modified-seed technology.
In Canada, Blackberry shares (TSX: T.BB, Stock Forum) rose 1% to $14.67 after two days of losses following the U.S. launch of its Z10 smartphone. In an early note, Bernstein Research predicted a strong earnings report from the company on Thursday.
For news about small stocks that made big moves in Tuesday’s trading, please read the
Stockhouse Canadian Small and Micro-cap Stock Report