Green across the board
Dow up big today (+138.88, 1.21% to 11,577.74), as well as S&P/TSX (+144.24, 1.19% to 12,270.11). Dow’s at its highest level in six years, just about 145 points shy of the measure’s record. Some say Friday’s rally could represent something of a “last gasp” for the aging bull market. Materials lifted the Canadian stocks, as gold is up 1.15% to $684.300. Oil also returned above $70.
Big mover today is Activision (ATVI) shares jumped almost 13 percent in unusually active Nasdaq trade after the company posted a 3 cents per share fourth quarter loss vs. a penny EPS on a 7.7% revenue decline. Interesting, while just yesterday Electronic Arts posted a 16% increase in revenue, but dropped 11% in stock price. Thanks to the big market players!