Monday's See-Saw Trading Leaves Markets On A Positive Note

North American Markets hovered around the flat line early Monday morning as Friday's Fed induced buying didn't spill over into this week. Stocks drifted lower midday but recovered to end slightly higher by the end of the day. The Dow picked up 40 points and the Nasdaq 3. Canadian markets were higher as well with the TSX faring better than its American counterparts.

Perhaps some signs of relief were seen Monday as home renovator Lowe's (LOW) reported good quarterly numbers sending the stock higher by 6%. With the home crisis cloud hanging over the home builders and renovating stocks investors seemed relieved that Lowe's was able to somewhat weather the storm. The financials, which led the week-end charge last week, fell overall as the major US banks were lower across the board.

Technology stocks got a boost from positive comments surrounding Research In Motion (RIMM) as the Blackberry maker prepares for its 3 for 1 stock split. This wasn't enough to cause an extended rally in technology shares as the sector was mainly flat for the day.

LOW / RIMM 1-year chart