Canada's main stock index moved downward on Monday amid retreating oil prices, weakness in gold miners and signs of easing tensions in the Middle East.
The TSX Composite Index tumbled 104.26 points to move into noon hour EDT Monday at 35,170.58
The Canadian dollar eked down 0.07 cents to 70.33 cents U.S.
ON BAYSTREET
The TSX Venture Exchange was down 11.13 points, or 1.2%, to 927.15.
Seven of the 12 subgroups were lower in the first hour, weighed most by materials, down 2.4%, gold, off 2.1%, and consumer staples, skidding 1.6%.
The five gainers were led by financials and telecoms, each ahead 0.5%, and information technology, up 0.4%.
ON WALLSTREET
The S&P 500 and NASDAQ Composite maintained their positive momentum on Monday following a strong week on Wall Street.
The Dow Jones Industrials lost 35.36 points to 52,866.71.
The much-broader surged 50.68 points to 7,533.99.
The tech-heavy NASDAQ restored 35.88 points, or 1.3%, to 26,184.59.
Techs paved the way, led by an 10% climb in Western Digital and an 8% jump in Teradyne. Marvell Technology and Oracle also gained more than 5% and more than 1%, respectively.
Traders this week will turn their eyes to the Federal Reserve, with the minutes of the June meeting — the first led by new Chairman Kevin Warsh — due Wednesday.
Prices for the 10-year Treasury gained a bit of ground, lowering yields to 4.49% from Thursday’s 4.49%. Treasury prices and yields move in opposite directions.
Oil prices took on 16 cents to $68.88 U.S. a barrel.
Gold prices climbed $36.20 to $4,161.60 U.S. an ounce.
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