Canada's main stock index opened lower on Tuesday, as investors assessed corporate earnings and monitored developments in the Middle East.
The TSX gave back much of Monday’s gains, shedding 171.23 points to 35,396.91.
The Canadian dollar edged up 0.10 cents to 70.90 cents U.S.
Tech firms and real estate companies, including Celestica and TFI International, beat second-quarter adjusted earnings estimates amid a lineup of results by other companies late on Monday.
Celestica came out of the blocks Tuesday ahead $3.58 to $453.07, while TFI spiked $11.13, or 5.4%, to $216.95.
Focus is also on fresh corporate earnings, with multiple miners and energy firms, including First Quantum, Cardinal Energy, set to report quarterly results after the bell.
First Quantum shares lost two dollars, or 5.2%, to $36.40, while Cardinal shares stood pat at $11.20.
Separately, Brookfield has raised around $2 billion from strategic anchor investors, including Saudi Arabia's sovereign wealth fund, for a private equity fund that will invest in companies in the kingdom and wider Middle East.
Brookfield dished off 57 cents, or 1%, to $58.84.
ON BAYSTREET
The TSX Venture Exchange tumbled 24.26 points, or 2.7% to begin Tuesday at 863.47.
Seven of the 12 TSX subgroups were positive, with information technology surging 2.5%, while consumer staples hiked 1.7%, and telecoms, up 1.3%.
The five laggards were weighed most by gold and materials, each retreating 2.9%, and financials, off 0.6%.
ON WALLSTREET
The major stock benchmarks diverged on Tuesday, as traders pored through the latest batch of corporate earnings, while semiconductor names kept struggling.
The Dow Jones Industrials vaulted 417.16 points to 52,627.24. Sherwin-Williams rose 7% on the back of better-than-expected results for Q2 to lead the benchmark higher. Fellow-Dow member Coca-Cola also gained more than 46% following an earnings beat.
The S&P 500 dipped 22.71 points to 7,390.47
The NASDAQ Composite dumped 331.32 points to 24,600.76, led by 10% a decline in Micron. Arm Holdings and Teradyne fell 9%.
Prices for the 10-year Treasury gained, lowering yields to 4.61% from Monday’s 4.65%. Treasury prices and yields move in opposite directions.
Oil prices slid $1.14 to $81.47 U.S. a barrel.
Gold prices tacked on $47.80 to $4,029.20 U.S. an ounce.
