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Stockhouse @ the Bell: Market reaction mixed after soft economic data

The Dow made it eight winning sessions in a row, while the broader S&P500 were down Thursday. In Toronto, most stocks were in the red except for information technology.

Today on Stockhouse

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Thom Calandra's Ticker Trax subscriber newsletter described recent developments for a couple of silver explorers.

Investors should be wary of a coming collapse in copper prices, warns Matt Biadali.

While Jason Simpkins writes that iron ore prices are still very uncertain.

And the put/call ratio for manufacturing company Veeco Instruments (NASDAQ: VECO, Stock Forum) suggests that some investors are looking for a reversal of the company's recent rally, according to Elizabeth Harrow.

Top Bullboards post: In reaction to Crew Gold's (TSX: T.CRU, Stock Forum)13% share price surge on huge volume, malmo noted: “I felt the same way over the pond. Crew new shares up 27.71% today. Volume was:145752862. Things are happening. I did a good days money today. But i have a feeling it is not finished yet. Will be very interesting to see how you fellas finish today and how we start tomorrow. “Anyways. Good luck. “with regards from Sweden”

Top Bullboard: Crew Gold (TSX: T.CRU, Stock Forum) nosed into the top three bullboards Thursday as its share price spiked 13% on unusually high volume.

Top blog: mallgirl wrote an update of her portfolio pick SLAM Exploration (TSX: V.SXL, Stock Forum) on the Mallgirl's Musings blog.

For news about small stocks that made big moves in Thursday's trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.

Word on Wall Street

"People are waiting for that correction that just doesn't seem to happen," said Chip Cobb, senior vice president of Bryn Mawr Trust Management in an interview with Marketwatch.

Today In The Markets

Markets post mixed results

Toronto & New York (The Canadian Press) - A continuing Greek debt crisis helped push the Toronto stock market lower Thursday afternoon, with commodity stocks dampened by worries an already shaky global economic recovery could have the wind knocked out of it should EU bailout efforts fail.

The S&P/TSX composite index dropped 69.4 points to 12,031.3 and the TSX Venture Exchange was down 6.52 points to 1,571.26.

U.S. consumer prices were flat last month, as a rise in food prices was offset by a drop in gasoline and other energy costs. Excluding volatile food and energy prices, the core Consumer Price Index rose by 0.1 per cent in February, which matched analysts' estimates.

The report adds to evidence that the weak economy has all but erased inflation. That allows the U.S. Federal Reserve to continue its efforts to revive the economy by keeping the short-term interest rate it controls at a record low near zero. Workers filing for unemployment benefits for the first time fell to 457,000 in the United States last week, slightly higher than the 455,000 figures that had been expected.

The Dow Jones industrials rose 28.9 points to 10,762.5. The Nasdaq composite index was off 0.82 of a point to 2,388.27 while the S&P 500 dipped 2.15 points to 1,164.05.

Please click here for the complete U.S. and Canadian market summaries.

After-Hours News

Palm (NASDAQ: PALM, Stock Forum) The company reported better than expected Q3 financial results after the bell on Thursday. Palm lost $22 million or 13 cents per share on revenue of $349.9 million. The company had lowered its own sales forecast to a range between $300 million to $320 million. On an adjusted basis, Palm lost 61 cents per share on revenue of $366 million. Analysts were looking for the maker of smart phones to report an adjusted loss of 42 cents per share on revenue of $424.7 million.

Connacher Oil and Gas (TSX: T.CLL, Stock Forum) The company announced that the completion of its Algar assisted gravity drainage plant at the Great Divide oil sands project in northeastern Alberta will boost its production to about 8500 bbl/d in 2010.

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