U.S. stocks carved out modest gains on Monday, while Canadian indexes fell because of weak financials and gold producers.
The Dow Jones industrial average closed at 10,154.43, up 56.53 points, or 0.6 per cent. The broader S&P 500 closed at 1071.25, up 6.37 points, or 0.6 per cent. In Canada, the S&P/TSX composite index closed at 11,543.47, down 26.18 points, or 0.2 per cent.
Boeing Co. was one of the top performers within the 30-member Dow, rising 2.1 per cent after it announced a number of new aircraft orders at the annual Farnborough International Airshow.
Intel Corp. rose 2.7 per cent amid a strong day in general for technology stocks. Microsoft Corp. rose 1.4 per cent and Hewlett-Packard Co. rose 1 per cent. International Business Machines Corp. rose 1.4 per cent during regular trading hours, before the technology giant reported its second quarter results after markets closed: Its net earnings rose to $2.61 (U.S.) a share, above analysts' expectations for earnings of $2.58. However, revenues missed expectations because of the weak euro.
However, Apple Inc. fell 1.7 per cent amid ongoing concerns about the reliability of its latest-generation iPhone.
In Canada, financials were weak, with Royal Bank of Canada down 0.9 per cent and Manulife Financial Corp. down 3.4 per cent. Gold producers were also down, after the price of gold fell to about $1182 an ounce, down more than $6. Barrick Gold Corp. fell 1.3 per cent.
Meanwhile, Bombardier Inc. fell 6.5 per cent after the Canadian transportation company had no new orders for its C Series jet to report at the Farnborough show.