Stockhouse @ the Bell: U.S. stocks extend gains; TSX little changed
Today on Stockhouse
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Q1 Publishing’s Andrew Mickey presents strategies for investing in a bear market rally.
And, Jeff Clark of Growth Stock Wire makes yet another case for buying gold as soon as possible.
Top Bullboards post: bogey113 directed members to a blog with a crude oil forecast.
Top Bullboard: Azure Dynamics (TSX: T.AZD) was the second-most read Bullboard on a day its stock sank 21%.
Top blog: Alexis08 presents an interesting report on where the smart money's been going in global mining.
For news about small stocks that made big moves in Tuesday trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"We've seen a drumbeat of new issuance in the banking sector. So far, the market has been able to absorb the supply pretty well. It's going to be yet another test," said Craig Peckham, an analyst at Jefferies & Co, in an interview with Associated Press.
Today In The Markets
TSX little changed on falling energy stocks; N.Y. extends gains
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TORONTO, NEW YORK (CP) - The Toronto stock market closed slightly lower Tuesday because of falling oil and gas stocks, but it managed to keep all but a handful of gains from the previous day's solid advance.
Toronto's S&P/TSX composite index moved 15.27 points lower to 10,588.79. The TSX Venture Exchange was up 1.19 points to 1,141.74 while U.S. dollar weakness continued to inflate the value of the Canadian dollar, which was up 0.85 of a cent to 92.51 cents US, its highest close since early October of last year.
New York's Dow Jones industrial average added 19.43 points to 8,740.87 after jumping 221 points, as the National Association of Realtors says its seasonally adjusted index of sales contracts signed in April rose 6.7 per cent to 90.3 in the biggest jump in eight years. Economists expected the index would edge up to 85 from a reading of 84.6 in March. The Nasdaq composite index moved up 8.12 points to 1,836.8 while the S&P 500 index rose 1.87 points to 944.74.
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After-Hours News
Aetna (NYSE: AET) After Tuesday’s close, the insurance giant said it is lowering guidance for earnings in 2009 to between $3.55 and $3.70 a share, from its previous range of between $3.85 and $3.95 a share. Aetna cited "higher projected Commercial medical costs; and lower projected 2009 Medicare revenue."
Inmet Mining (TSX: T.IMN) The miner, after Tuesday’s closing bell, announced that it has reached an understanding to exchange its 18% equity interest in Ok Tedi Mining Limited for a 5% net smelter return royalty on revenues of product from the Ok Tedi mine.

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