Equities in Canada’s largest market shook off temporary gains and finished in the red Tuesday, for the fourth session in a row.
The S&P/TSX Composite Index lost 24.62 points to close Tuesday at 15,131,78, on top of Monday’s triple-digit collapse.
The Canadian dollar increased 0.05 cents to 75.57 cents U.S.
Energy stocks took the biggest knocks, as Suncor lost $1.16, or 2.6%, to $43.17, while Canadian Natural Resources doffed $1.13, or 3%, to $36.10.
Health-care stocks were also pointed downward, as Canopy Growth slid 95 cents, or 1.8%, to $50.94, while Aurora Cannabis tumbled 43 cents, or 4.7%, to $8.77.
Gold stocks lost some luster, as New Gold sank three cents, or 3.2%, to $1.06, while Barrick Gold surrendered 17 cents, or 1%, to $16.48.
Communications tried to arrest this downward momentum, as BCE gained five cents, or 1%, to $54.75, while Shaw Communications moved up eight cents to $24.84.
In techs, BlackBerry forged ahead three cents to $11.87, while Shopify galloped $4.36, or 2.4%, to $183.93.
Among financials, ECN Capital rose three cents, or 1.1%, to $3.21, after reporting quarterly results. Sun Life was sunnier 24 cents to $48.80.
ON BAYSTREET
The TSX Venture Exchange slouched 11.85 points, or 1.9%, to 626.42
Seven of the 12 subgroups were negative, with energy diving 2.9%, health-care was sicker 2.2%, and gold lost 0.9%
The five gainers were led by communications, up 1.2%, information technology, ahead 1%, and financials, better by 0.5%.
ON WALLSTREET
Stocks fell in volatile trading on Tuesday, failing to regain their footing after suffering steep losses in the previous session.
The Dow Jones Industrials jettisoned 100.69 points to close at 25,286.49. At its session high, the Dow surged 100 points.
The S&P 500 tailed off 4.04 points to 2,722.18, posting its fourth straight decline. The S&P had, at one point, been 1% higher.
The NASDAQ inched up 0.01 points to 7,280.88. The NASDAQ had gained as much as 1.6%.
Energy was the worst-performing sector as crude prices fell to their lowest levels in a year.
Crude's sharp decline pushed energy stocks down by more than 2%, Halliburton and Marathon Oil were among the worst performers in the sector, falling more than 4.5% each.
The stock market appeared to be moving at the whim of Apple, falling back into the red in the afternoon after Apple had moved lower.
The S&P 500 technology sector closed 0.1% higher on Tuesday after rising more than 1% at its high of the day. Nvidia rise 5.2% and Advanced Micro Devices soared 3.1%, taking their place among the best-performing tech stocks.
Tuesday's moves come after the Dow dropped 602 points on Monday as Apple shares dropped on expectations of slowing iPhone sales.
Renewed trade talks between the U.S. and China also helped lift sentiment in the stock market Tuesday.
The Wall Street Journal reported Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He had resumed trade talks. The report comes ahead of a meeting between President Donald Trump and Chinese President Xi Jinping.
Prices for the benchmark for the 10-year U.S. Treasury gained sharply, lowering yields to 3.14% from Friday’s 3.19%. Treasury prices and yields move in opposite directions. Bond markets were closed Monday for Veterans Day.
Oil prices settled $4.64 to $55.29 U.S. a barrel.
Gold prices slid 80 cents at $1,202.70 U.S. an ounce.
