Equities in Canada’s largest centre ?opened lower on Tuesday, dragged by miners, as lingering uncertainty over U.S.-Iran peace talks ahead of the ceasefire deadline at ?the end of the day kept investors ?cautious.
The TSX Composite Index shed 41.64 points to begin Tuesday’s session at 34,318.39.
The Canadian dollar added 0.02 cents at 73.31 cents U.S.
The U.S. voiced confidence that peace talks with Iran would be held in Pakistan, and a senior Iranian official said Tehran was considering joining, but significant hurdles remained as a ceasefire deadline approached at the end of the ?day.
ON BAYSTREET
The TSX Venture Exchange retreated 7.31 points to 1,057.27.
Seven of the 12 TSX subgroups were lower, weighed most by gold, dulling 1.6%, materials, off 1.3%, and utilities, down 0.9%.
The five gainers were led by information technology and energy, each better by 0.8%, and industrials, up 0.3%.
ON WALLSTREET
U.S. stocks rose on Tuesday as President Donald Trump told the media he expects the U.S. and Iran to make a “great deal” ahead of a ceasefire that’s set to expire Wednesday.
The Dow Jones Industrial Average advanced 192.98 points to 49,635.54, boosted by gains in UnitedHealth and Amazon.
The S&P 500 dropped 12,6 points to 7,121.74.
The NASDAQ recovered 77.87 points to 24,482.26.
The president added, however, that the U.S. military is “ready” to bomb Iran if a deal is not signed by the ceasefire deadline and that he does not want to extend it.
This comes after Trump said earlier Tuesday in a Truth Social post that Iran “Violated the Cease Fire numerous times!”
On Tuesday, UnitedHealth’s first-quarter results surpassed Wall Street’s expectations, which sent shares of the health insurance giant more than 7% higher. The company also hiked its earnings outlook.
Meanwhile, Amazon shares were nearly 2% higher on the heels of the company agreeing to invest up to $25 billion in artificial intelligence startup Anthropic, also aiding the Dow’s outperformance.
Prices for the 10-year Treasury moved lower, raising yields to 4.28% from Monday’s 4.26%. Treasury prices and yields move in opposite directions.
Oil prices took on $1.45 to $91.06 U.S. a barrel.
Gold prices slumbered $39.40 to $4,789.40 U.S. an ounce.
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