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TSX Marginally Ahead Tuesday

Enbridge, Micron in Focus


Canada's main stock index opened fairly flat on Tuesday as a drop in technology shares countered gains in the energy sector, while investors parsed through U.S. retail sales data and Federal Reserve officials' commentary.

The TSX Composite Index regained 53.31 points to open Tuesday at 21,641.19.

The Canadian dollar stepped up six cents to 72.86 cents U.S.

In corporate news, a U.S. appeals court on Monday handed Michigan's attorney general a jurisdictional victory in her bid to force Enbridge to stop operating the Line 5 oil pipeline underneath the Straits of Mackinac in the Great Lakes by allowing her to pursue her case in state rather than federal court.

Enbridge shares grabbed six cents to $47.89.

A Brookfield-led consortium entered into an agreement to invest in Gems Education, partnering with the Varkey Group. Brookfield shares edged up 11 cents to $56.49.


The TSX Venture Exchange picked up 3.49 points to 576.42.

The 12 subgroups were evenly divided, with energy soaring 1.8%, while health-care and gold plays each gained 0.8%.

The half-dozen laggards were weighed most by information technology and communications, each down 0.4%, and utilities, falling 0.3%.


The S&P 500 edged up Tuesday as investors assessed the health of the consumer following weak retail sales data.

The Dow Jones Industrials gained 11.99 points to 38,790.09.

The much-broader index gained 8.71 points to 5,481.94.

The NASDAQ dipped 10.21 points, to 17,846.81.

Nvidia continued its march toward record-setting highs, gaining about 1%. Some semiconductor stocks rose in sympathy, with Qualcomm and Taiwan Semiconductor last up at least 3% each. Micron Technology gained 6%.

Retail sales rose 0.1% in May, versus the 0.2% growth forecast by economists polled by Dow Jones. Sales rose 2.3% on a year-over-year basis.

Prices for the 10-year Treasury strengthened, lowering yields to 4.25% from Monday’s 4.28%. Treasury prices and yields move in opposite directions.

Oil prices gained 90 cents to $81.23 U.S. a barrel.

Gold prices rose $11.70 to $2,340.70