Canada's main stock index was muted on Tuesday, as dismal earnings from Teck Resources and Restaurant Brands International offset strength in energy stocks.
The TSX moved backward 34.36 points to greet noon Tuesday at 16,045.19.
The Canadian dollar gained 0.21 cents at 75.92 cents U.S.
Teck shed 57 cents, or 3.2%, to $17.03, after the company missed analysts' estimates for quarterly profit, hurt by a steep drop in the prices of steelmaking coal.
Restaurant Brands faltered $1.96, or 2.7%, to $71.15, after the restaurant chain posted third-quarter profit below analysts' estimates.
The largest percentage gainer on the TSX was Colliers International Group which jumped $10.21, or 12.1%, to $94.35, after the real-estate service provider reported upbeat quarterly results.
Cenovus Energy rose 30 cents, or 6.7%, to $4.77, marking its second session in the black, two days after the oil producer said it would buy rival Husky Energy.
ON BAYSTREET
The TSX Venture Exchange edged up 3.11 points, to kick off Tuesday at 704.39.
Eight of the 12 TSX subgroups turned positive, as health-care and real-estate each climbed 1.1%, while energy gushed 1%.
The four laggards were weighed most by financials, poorer by 0.7%, communications, sliding 0.3%, and gold, down 0.1%.
ON WALLSTREET
The Dow Jones Industrial Average and S&P 500 fell for a second day on Tuesday as the coronavirus continues to batter the U.S.
The 30-stock index boarded the “down” elevator 126.52 points to 27,558.86, after a 650-point loss Monday, its biggest one-day drop since Sept. 3.
The S&P 500 doffed 4.67 points to 3,396.30
The NASDAQ recovered 63.74 points to 11,422.68.
A slew of large-cap companies reported quarterly earnings on Tuesday, including Dow components 3M and Caterpillar. Caterpillar reported a steep drop in year-over-year earnings, sending the stock down more than 3%. 3M, meanwhile, slid 1.3% even after posting stronger-than-expected earnings and revenue.
Wall Street is also gearing up for Microsoft earnings after the bell on Tuesday. The technology giant saw revenue grow 13% during the second quarter despite the pandemic.
AMD said it was buying rival Xilinx in a $35-billion all-stock deal in a push for the data center market. Xilinx gained 8.8% on the news. AMD shares dipped 4.1%.
Friday and Saturday saw cases spike above 83,000, according to data from Johns Hopkins University. The data on Sunday also showed the country has reported a record average of 69, 767 cases per day over the past seven days.
Prices for the 10-Year Treasury gained slightly, lowering yields to 0.78% from Monday’s 0.80%. Treasury prices and yields move in opposite directions.
Oil prices regained 54 cents at $39.10 U.S. a barrel.
Gold prices gained $3.60 to $1,909.30
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