Today in the markets
U.S. stocks fell Monday in spite of surprisingly strong retail sales figures in April, as investors wondered when the Fed will start to scale back its stimulus program
Canadian stocks were down as prices for commodities, particularly gold, drove down the index amid data that showed slightly smaller-than-expected increases in China's industrial production and retail sales.
The S&P/TSX Composite was off 59.54 points to 12,529.55, while the TSX Venture Exchange eased down 9.53 points to close at 957.20.
Active stocks included Yum Brands Inc. (NYSE: YUM, Stock Forum), which slipped 2.05% to $68.92 after the owner of Kentucky Fried Chicken said that sales in China fell last month.
Tesla Motors Inc. (NASDAQ: TSLA, Stock Forum) extended last week's rally, rising 14.4% to $87.80. The electric car maker reported its first quarterly profit last week, and a separate report said Tesla sales outperformed German luxury brands.
In Canada, The majority of companies in the gold sector declined including Iamgold Corp., (TSX: T.IMG, Stock Forum) which experienced a drop of 4% to $5.51.
BlackBerry (TSX: T.BB, Stock Forum) was up 2% to $16.04 as the smartphone maker geared up for its annual conference in Orlando, Fla., on that will bring together, developers, partners and fans.
For news about small stocks that made big moves in Monday’s trading, please read the
Stockhouse Canadian Small and Micro-cap Stock Report