Loonie flies, stocks uncertain


The Canadian dollar was up about one-third of a cent before the beginning of trading at the Toronto Stock Exchange.

The S&P/TSX composite index dropped 64.25 points Monday to 15,344.08

The Canadian dollar climbed 0.2 cents to 82.92 cents U.S. early Tuesday.

Meantime, after rallying off a March trough, the TSX has sputtered in recent sessions, and some investors wonder whether further weakness lies ahead.

The index had gained more than 5% between March 10 and Friday's close.

ON BAYSTREET

The TSX Venture Exchange swooned 7.52 points Monday to 690.10

ON WALLSTREET

U.S. stock futures are looking relatively soft ahead of the open, despite the positive sentiment surrounding Apple.

Ahead of the opening bell, futures for the Dow Jones Industrials are in reverse 56 points, or 0.3%, to 17,934. Futures for the S&P 500 slipped 5.75 points, or 0.3%, to 2,099, and futures for the NASDAQ moved down 4.75 points, or 0.1%, to 4,520

All eyes are on Apple this morning as the tech giant's stock approaches its all-time high.

Shares are rising by about 1% pre-market, setting them up to possibly surpass the previous intraday trading record of $133.60. The iPhone maker reported its second-best quarter ever on Monday evening.

Ford, UPS, Pfizer, and Coach are reporting ahead of the open.

Twitter, GoPro, Kraft Foods and Buffalo Wild Wings will report after the close.

Shares in oil giants BP and Total are both rising by roughly 1% to 2% in Europe after the firms reported their latest results.

The S&P/Case-Shiller home index comes out at 9 a.m. ET, giving investors an overview of the strength of the U.S. housing market.

The Conference Board will publish its monthly consumer confidence index at 10 a.m.

European markets are mostly moving down in early trading. Most Asian markets ended the day with losses.

Oil prices faded 15 cents to $56.84 U.S. a barrel

Gold prices lost 40 cents to $1,202.80 U.S. an ounce.


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