Hackers may have accessed some Yahoo accounts without passwords. The hackers may have used a forged “cookie” to gain access to users accounts without a password, CNET reports.Stock markets around the world trade mixed. China’s Shanghai Composite (+0.5%) led the advance in Asia, and Britain’s FTSE (-0.5%) trails in Europe. The S&P 500 is set to open little changed near 2,350.Earnings reports keep coming. Charter Communications, Duke Energy, and MGM Resorts are among the names reporting ahead of the opening bell.US economic data remains heavy. Housing starts, building permits, initial jobless, and the Philly Fed claims will be released at 8:30 a.m. ET. The US 10-year yield is down 2 basis points at 2.47%.Canadian stocks look to carry over positive momentum from the previous session Friday morning, but enthusiasm may be tempered by falling oil prices and a disappointing U.S. jobs report.
Bank earnings have been strong and the Canadian economy grew at a robust pace in the first quarter. However, anxiety is rising amid concerns about a potential bubble in the housing market.On the economic front this morning, the U.S. generated only 138,000 new jobs in May and employment growth earlier in the spring was revised downward. The unemployment rate dropped to 4.3% as the workforce shrank.Canada’s merchandise trade balance with the world narrowed to a $370 million deficit in April, Statistics Canada said. Exports rose 1.8% while imports were up 0.6%.
Looking at corporate news, Lululemon Athletica Inc. (LULU) released a profit for its first quarter that increased 8% compared to the same period last year, beating expectations. The company is closing 40 Ivivva stores.Jacket maker Canada Goose (GOOS.TO) reported a smaller-than-expected quarterly loss in its first quarter since its market debut.Yesterday, the TSX Composite Index rose 120 points, or 0.78 percent, to 15,469.91, powered by energy and financials.The Canadian stock market is declining in early trade Friday, following the strong gains of the previous session. Investor sentiment has taken a hit following the release of the disappointing U.S. jobs report. The drop in crude oil prices is also weighing heavily on the energy sector.