TD Waterhouse Midday Report: U.S. stocks are rising as the - TopicsExpress

TD Waterhouse Midday Report: U.S. stocks are rising as the prospect of continued stimulus from the U.S. Federal Reserve is driving investor sentiment. The S&P 500 Index is looking for a sixth straight weekly advance, while the Dow Jones Industrial Average appears on track to end at a record for a third consecutive day with the psychologically important 16,000 mark in sight. In economic data, Octobers industrial production fell 0.1% month over month, missing economist expectations of a 0.2% rise, but the prior months figure was revised up to 0.7% from 0.6%. Canadian stocks are higher on balance, but declines in gold equities are moderating the gains. The healthcare sector is leading the index, up 0.5%.

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