Energy sector earnings help boost TSX
May 01, 2012 Malcolm Morrison
The Toronto stock market is higher ahead of the release of a key American economic barometer.
The S&P/TSX composite index gained 23.42 points to 12,316.11 led by rising energy stocks in the wake of strong earnings from the likes of Suncor Energy and Canadian Oil Sands.
The Canadian dollar declined 0.04 of a cent to 101.18 cents US.
U.S. markets were weak ahead of the release of the Institute for Supply Management’s index on manufacturing. The ISM report is expected to show continued expansion of the sector, but at a slower pace. Economists expected the index to come in at 53, down slightly from the March reading of 53.4.
The Dow Jones industrial average dipped 9.24 points to 13,204.39.
The Nasdaq composite index was off 0.14 of a point to 3,046.22 while the S&P 500 index dipped 0.65 of a point to 1,397.26.
May 01, 2012 Malcolm Morrison
The Toronto stock market is higher ahead of the release of a key American economic barometer.
The S&P/TSX composite index gained 23.42 points to 12,316.11 led by rising energy stocks in the wake of strong earnings from the likes of Suncor Energy and Canadian Oil Sands.
The Canadian dollar declined 0.04 of a cent to 101.18 cents US.
U.S. markets were weak ahead of the release of the Institute for Supply Management’s index on manufacturing. The ISM report is expected to show continued expansion of the sector, but at a slower pace. Economists expected the index to come in at 53, down slightly from the March reading of 53.4.
The Dow Jones industrial average dipped 9.24 points to 13,204.39.
The Nasdaq composite index was off 0.14 of a point to 3,046.22 while the S&P 500 index dipped 0.65 of a point to 1,397.26.
