Gold, energy take biggest hit
The S&P/TSX composite index tumbled 143.26 points, or 1%, to close Tuesday at 14,962.37
The Canadian dollar dropped
Most TSX sectors were negative with the gold sector falling after rising about 6% over the last six sessions. Gold prices and stocks have steadily advanced this month because of geopolitical worries centred on
Barrick Gold fell
The energy sector was lower as oil prices edged lower with the August crude contract on the
Oil prices had risen steadily over the past couple of weeks amid a rising insurgency in
Still the energy sector is the strongest TSX performer, up about 7% over the last month alone
The base metals sector was down while copper was unchanged at
Teck Resources lost
On the corporate front, Bell Media, the radio and television division of BCE Inc, is laying off as many as 120 employees or about five per cent of its
AGF Management Ltd. shares were down
Revenue from continuing operations was down from a year earlier, dropping to
All but two of the 14 Toronto subgroups were lower on the day, with gold stumbling 2.5%, energy off 2.4%, and the metals and mining group down 1.8%
The two lone gainers were health-care, inching up but 0.1%, and real-estate, squeezing up 0.02%.
The stock market's early gains evaporated Tuesday, after several days at record-setting peaks.
The Dow Jones Industrials plummeted 119.13 points to close at 16,818.13
The S&P 500 dropped 12.63 points to 1,949.98, and the NASDAQ composite slid 18.32 points to 4,350.36
Shares in Buffalo Wild Wings jumped 6% Monday after an analyst at
Carnival Corp reported quarterly results that topped expectations, but the company's forecasts for the rest of the year weren't as rosy. The stock dropped as much as 2%.
The cruise line operator blamed fuel prices and currency exchange rates, which it said will reduce earnings full-year by
Walgreens said earnings rose nearly 16% in the first quarter, but the results missed analysts' expectations. Shares fell more than 1%.
Vertex Pharmaceuticals soared 40% after the company said a study of its cystic fibrosis drug produced positive results.
Groupon shares were up 8% on an upbeat analyst report.
Home prices throughout
What's more, a measure of consumer sentiment rose to the highest level since
Prices for 10-year U.S. Treasuries gained ground, lowering yields to 2.59% from Monday's 2.62%. Treasury prices and yields move in opposite directions.
Oil prices subsided
Gold prices gained
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