Futures for stocks in Canada’s biggest market fell on Tuesday, retreating from record highs, as investors remained on the sidelines in the absence of any major cues.
The TSX Composite index gathered 59.55 points to close Monday at 20,286.10
The Canadian dollar fell 0.10 cents to 80.94 cents U.S.
September futures were 0.2% Tuesday.
Scotiabank raised the rating on Cascades to outperform from sector perform.
Canaccord Genuity initiated coverage on Dream Impact Trust with buy rating
RBC assumes coverage on Dundee Precious Metals with outperform rating
ON BAYSTREET
The TSX Composite index gathered 59.55 points to close Monday at 20,286.10
ON WALLSTREET
Stock futures were flat on Tuesday as Wall Street gets set to kick off the holiday-shortened week with the S&P 500 at a record high.
Futures for the Dow Jones Industrials lost 37 points, or 0.1%, to 34,638.
Futures for the S&P 500 dipped 2.5 points, or 0.1%, to 4,340.25.
Wall Street’s consensus year-end target for the S&P 500 stands at 4,276, representing a near 2% loss from Friday’s close of 4,352.34, according to strategists’ forecasts.
Futures for the NASDAQ Composite Index galloped 14.25 points, or 0.1%, to 14,728.
U.S. markets were closed for the July 4 Independence Day holiday on Monday.
The oil jump was boosting energy stocks in pre-market trading. Shares of Occidental Petroleum, APA and ConocoPhillips were all higher.
U.S. shares of Chinese ride-hailing giant Didi plunged as much as 25% in premarket trading after China said new users could not download the app until it conducts a cybersecurity review. The announcement took markets by surprise given that Didi just made its U.S. debut on the NYSE last week.
Overseas, in Japan, the Nikkei 225 advanced 0.2% Tuesday, while in Hong Kong, the Hang Seng index sank 0.3%.
Oil prices rose 65 cents to $75.81 U.S. a barrel.
Gold prices jumped $26.30 to $1,786.80 U.S. a pound
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