North American stocks ended Wednesday mixed, with commodity producers weighing on Canada's S&P/TSX composite index but U.S. indexes shaking off an early dip and ending the day in positive territory.
The Dow Jones industrial average closed at 10,572.73, up 46.24 points or 0.4 per cent. The broader S&P 500 closed at 1127.07, up 3.97 points or 0.4 per cent. In Canada, the S&P/TSX composite index closed at 12,144.84, down 48.14 points or 0.4 per cent.
Gold producers took a breather after the price of gold retreated slightly, to $1268.70 (U.S.) an ounce, down $3. After bullion hit a new record high on Tuesday, financier George Soros warned again that gold is the "ultimate bubble." Barrick Gold Corp. fell 0.5 per cent and Goldcorp Inc. fell 1 per cent.
Energy stocks were also lower, after the price of crude oil fell to $76.02 a barrel, down 78 cents. Suncor Energy Inc. fell 0.6 per cent and Canadian Natural Resources Ltd. fell 1.9 per cent.
In the United States, General Electric Co. rose 1.1 per cent after an analyst at Citigroup initiated coverage of the stock with a "buy" recommendation and a 12-month price target of $19.
Kraft Foods Inc. rose 1.7 per cent after the food company called for revenue growth of 5 per cent a year, along with profit growth of up to 12 per cent on a per share basis. The guidance follows trimmed revenue guidance in August.Report Typo/Error