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4/1/2016, 10:17 PM (Source: TeleTrader)
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U.S. markets see healthy gains, Canadian stocks slip

Stock markets in the United States were in the good mood on the first trading day in the second quarter, with all major indexes in the green territory, shrugging off falling oil prices. Trading in Canada went into red zone. Here's the review minutes after the closing bell.

The Dow Jones Industrial Average was up 0.61% to close at 17,792 points, adding 1.58% in the week. The index was aiming to cross the psychologically important 18,000 mark. The Goldman Sachs Group, Inc. rose 1.87%. Visa Inc. was up 1.57% contrary to the American Express' fall of 0.46% on the Costco deal lost after 12 years to Visa. Pfizer, Inc. rose 1.67%. Chevron Corporation fell 0.97% in hand with Exxon Mobil Corporation's drop of 0.32%. The Walt Disney Company lost 0.21% and Verizon Communications Inc. slid 0.07%.

The S&P 500 struggled for gains during the day, but rose 0.63% to close at 2,072 points, adding 1.81% for the week. Regeneron Pharmaceuticals, Inc. rocketed up 13.11% following the news that its partnership with Sanofi SA (which fell 0.16% in Paris) could help eliminate atopic dermatitis. Micron Technology, Inc. added 5.35% and Mallinckrodt Plc rose 4.91%. Transocean Ltd. sank 6.51%, and Marriot International is suffering on Anbang's retreat from acquisition deal, rolling down 5.68%. Oil corporations were also among notable decliners: Marathon Oil Corporation lost 5.30%.

The tech-heavy Nasdaq 100 rose 1.03% to close at 4,529 points. Except for lead of Regeneron's rise of and Micron Technology, Netflix recovered the lost signal to investors to add 3.46% and Tesla Motors, Inc. was riding on 190 thousand reserve orders for Model 3, adding 3.40%, and. The Twenty-First Century Fox, Inc. rose 3.26%. American Airlines Group, Inc. landed down 3.54%, and Seagate Technology Plc rolled down 2.58%. Apple Inc. turned 40 and celebrated by adding 0.65% for the day.

In Toronto, the S&P/TSX Composite index was down 0.40% to close at 13,440 points. Energy sector was bleeding by 2.60%, and worst performer was Newalta Corp. with plunge of 11.86%, followed by Westport Innovations Inc., which fell 10.06%. The best performer was Pacific Exploration and Production Corp., which flew into higher orbit, rocketing 73.49%, despite the decision from the Colombian Constitutional Court, which instructed the company to suspend operations at Quifa Block. Valeant Pharmaceuticals International Inc. recovered 7.37% after days of losing streak.

U.S. light sweet crude WTI for delivery in May fell 4.61% to $36.65 a barrel, while international blend Brent opened the June delivery contracts, and the price rolled down 4.45% to $38.61 a barrel at the ICE Europe by 10:14 p.m. CET (4:14 p.m. EST). The Organization of the Petroleum Exporting Countries reported its daily OPEC basket price at $34.33 a barrel on Thursday, compared with $34.91 the previous day.

The U.S. dollar index was down 0.07%, with the greenback rising 0.07% to the Canadian dollar, strengthening 0.13% to the euro and rising 0.90% against the U.K. sterling by 10:15 p.m. CET (4:15 p.m. EST).

Gold fell 0.86% to $1,221.98 per troy ounce.

Breaking the News / ZR