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Traders talk on the phone during a Spanish Treasury bills auction at a private bank in Madrid, April 17, 2012.

ANDREA COMAS/REUTERS

North American stocks rose soon after the start of trading on Tuesday, rebounding from a sharp selloff on Monday, following a successful bond auction in Europe.

The Dow Jones industrial average rose 73 points or 0.6 per cent, to 13,000. The broader S&P 500 rose 6 points or 0.4 per cent, to 1,373. In Canada, the S&P/TSX composite index rose 34 points or 0.3 per cent, to 12,023.

AT&T Inc. rose 3.5 per cent after reporting that its first quarter earnings rose to 60 cents (U.S.) a share, up from 57 cents last year. However, its gain seems to translate into Apple's pain: The iPhone and iPad maker fell 0.7 per cent, ahead of its quarterly results, after markets close.

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Meanwhile, Wal-Mart Stores Inc. continued its slump, falling 1 per cent, while Netflix Inc. fell 13.3 per cent after delivering a disappointing forecast on Monday evening.

In Canada, Suncor Energy Inc. rose 0.5 per cent, Royal Bank of Canada rose 0.4 per cent and Barrick Gold Corp. rose 0.2 per cent. Teck Resources Ltd. rose 1 per cent after delivering operating earnings that were in line with expectations.

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About the Author
Investing Reporter

David Berman has been writing about business and investing since 1995. He has written for a number of magazines, including Canadian Business and MoneySense. He worked at the Financial Post as an investing writer and daily columnist before moving to the Globe and Mail in 2008. More

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