Gold lifts TSX; Dow sinks with Merck
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The Toronto stock market posted a small gain today, pushed higher by the gold sector, but drug company Merck &amp; Co. took the Dow Jones industrial average into the red after taking its arthritis drug Vioxx off the market.
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London equities progressed by midday Wednesday, pushed by strong gains in the mining sector following a Goldman Sachs (NYSE:GS) note on metals prices. Retailers like J Sainsbury remained in focus one day after Tesco issued a somber results statement that sent its stock down nearly 5 per cent.
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Shares of drugmaker Merck & Co. Inc.  MRK.N traded 1.52 percent higher on volume of more than  61,000 shares in pre-market dealings on Friday, a day after the  stock plunged to an eight-year low after the company withdrew  its arthritis drug Vioxx.
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New York - US stocks closed higher on Wednesday, as the dollar strengthened and shares of Merck &amp; Co. helped lift the Dow after the drugmaker gave a forecast that was not as weak as some on Wall Street had expected.
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Merck & Co Inc. Thursday pulled its  arthritis drug Vioxx off the market because it increases the  risk of heart attack and stroke, a move that sent its shares  plunging, erasing $25 billion of its market value.
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The oil market ignores Saudi attempts to cool prices. Merck reportedly is stepping up its search for a new CEO. Wall Street looks to ease into the week with a slight rise at the open, despite higher oil prices.
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NEW YORK - Investors sent stocks mostly lower Thursday after Merck & Co. said it would be forced to remove its best-selling Vioxx arthritis drug from the market due to serious health risks...
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Drug maker Merck &amp; Co. Inc. (MRK) dominated trading in US stocks on Thursday, single-handedly driving the 30-stock Dow Jones average lower after it withdrew its arthritis
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US blue chips fell on Thursday after drug company Merck &amp; Co.(MRK.N: Quote, Profile, Research) said it was withdrawing its key arthritis drug Vioxx, while relentless oil prices floated back to $50 a barrel.
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NEW YORK, Sept. 30 -- Wall Street closed out a dismal third quarter with a mixed performance Thursday after Merck said it would be forced to remove its best-selling Vioxx arthritis drug from the market. Merck's unexpected bad news left blue chips with a loss for the day, while high-tech stocks got a lift from bargain hunters.
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Wall Street stock indexes closed out a dismal third quarter mixed Thursday after Merck &amp; Co. stated it would remove its best-selling Vioxx arthritis drug from the market.
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Gold swept to a record high on Wednesday above the key $850-an-ounce mark, driven by surging oil, a weaker dollar and simmering geopolitical tensions that polished its safe-haven credentials.
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Gold hit an 11-day low on Monday as a weaker euro versus the dollar encouraged investors to lock in profits from last week's run to record highs, but broader financial market uncertainty was seen limiting losses.
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Gold hit its highest level in more  than 16 years on Tuesday as a steadier dollar failed to cool  worries over the currency's outlook, while Asian stocks gained  modestly after a solid performance on Wall Street.
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The Toronto stock market headed lower this morning after the long Labour Day weekend, held back by lagging gold and energy stocks as the price of oil dropped by almost $1 (US) a barrel.
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THE stock market opened higher today as industrials stocks mitigated the effects of a weaker resources sector. &quot;Commodity prices are generally weaker on renewed speculation of weaker demand in China,&quot; Wilson HTM senior client adviser Angus Bligh said.
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Gold shrugged off a tumbling U.S. dollar and fell more than 1 percent on Monday as investors cashed in on the metal's rally to a near three-decade high last week.