Equities in Toronto recovered from negative territory by the end of the session on Tuesday, after marking its biggest daily surge in more than six weeks in the previous session, as gains in gold and consumer staples overrode losses in health-care and energy
The S&P/TSX Composite Index pulled ahead 35.81 points to close Tuesday at 16,263.87
The Canadian dollar sank 0.14 cents at 74.99 cents U.S.
The largest percentage gainers on the TSX were Kirkland Lake Gold, which jumped $1.85, or 4.7%, to $41.28, while Torex Gold Resources hurtled 70 cents, or 4.3%, at $16.84
Consumer staples were next highest on the ladder, with Loblaw Companies ahead 54 cents to $66.50, while rival Metro advanced 92 cents, or 1.9%, to $50.27.
Communications also came out ahead, with Rogers besting yesterday’s close by 73 cents, or 1%, to $72.19, and BCE climbed 47 cents to $59.61.
On the downside, health-care stocks paled compared to Monday, with Aurora Cannabis slipped 16 cents, or 1.3%, to $12.04, while Bausch Health Companies docked nine cents to $33.26.
Energy stocks also dawdled, as Canadian Natural Resources leaned a nickel lower to $37.13, and Imperial Oil lost six cents to $36.58.
Real-estate issues were roughed up, with Canadian Apartment Properties REIT falling $1.08, or 2.1%, to $49.89. Colliers International Group subsided 65 cents to $90.52.
ON BAYSTREET
The TSX Venture Exchange slid 0.49 points to 625.70
Eight of the 12 Toronto subgroups showed up in plus territory, with gold and consumer staple stocks up 0.7%, while communications brightened 0.6%.
The four laggards were co-weighed by health-care and energy stocks, each down 0.5%, while real-estate waned 0.4%.
ON WALLSTREET
The Dow Jones Industrial Average fell for the first time in four sessions on Tuesday as investors digested a strong rally from the previous session, while a decline in Walgreens Boots Alliance pressured the index
The 30-stock index slouched 79.29 points to 26,179.13
The S&P 500 ended up unchanged from Monday at 2,867.24. Consumer staples skidded 0.8%, and energy, 0.7%, the worst-performing sectors in the S&P 500. Real estate outperformed, rising 0.9% while materials climbed 0.4%.
The NASDAQ Composite gained 19.78 points to 7,849.69
Shares of the Dow member Walgreens Boots Alliance fell 12.8% on weaker-than-expected earnings. Walgreens also lowered its earnings forecast for 2019. Tuesday's session was the stock's worst since Aug. 6, 2014, when it fell 14.3%.
Delta Air Lines, meanwhile, rose 6% after the company hiked its earnings guidance for the first quarter. Delta cited healthy demand.
Walgreens' and Delta's releases come ahead of what Wall Street expects to be a tough earnings season. First-quarter earnings for the S&P 500 are expected to have fallen nearly 4% from the year-earlier period.
U.S. manufacturing activity expanded last month, data showed, rebounding from its lowest level since late 2016. A separate survey showed China's factory activity also rebounded, expanding at its fastest pace in eight months.
Data released Tuesday showed capital goods orders fell 0.1% in February, while economists expected an unchanged reading.
Prices for the benchmark 10-year U.S. Treasury gained slightly, lowering yields to 2.47% from Monday’s 2.5%. Treasury prices and yields move in opposite directions.
Oil prices gained $1.03 to $62.62 U.S. a barrel.
Gold prices grew $1.90 to $1,296.10 U.S. an ounce.
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