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Stocks Close Off Lows

Metals, Tech Ailing

After a big day of gains on Monday, stocks settled a mite Tuesday, though closing well off their lows of the day.

The S&P/TSX Composite lost 39.3 points to finish Tuesday at 14,219.57

The Canadian dollar capsized 0.9 cents to 76.93 cents U.S.

Metals and mining issues took the worst drubbing, as First Quantum Minerals lost 43 cents, or 4.3%, to $9.45, and Teck Resources slid 44 cents, or 2.5%, to $17.31.

In the tech world, BlackBerry soured 38 cents, or 4.3%, to $8.51.

Energy also fared not so well, as Baytex Energy faded 32 cents, or 4.2%, to $7.35, and EnCana Corporation dipped 32 cents, or 3.1%, to $9.92.

Gold stocks were the leaders among gaining subgroups, what with Kinross Gold climbing 40 cents, or 5.8%, to $7.34, and Yamana Gold better by 23 cents, or 3.2%, to $7.38.

Among telecoms, BCE gained 54 cents to $61.74, and Rogers Communications accumulated 57 cents, or 1.1%, to $53.07.

ON BAYSTREET

The TSX Venture Exchange roared back from negative country to gain 2.27 points to 750.09, keeping its streak alive.

Seven of the 13 subgroups were lower by the close, with metals and mining down 2.8%, information technology dropping 1.5%, and energy shedding 1.1%.

The half-dozen gainers were led by gold, up 2.1%, while telecoms surged 1.3%, and utilities added 1.1%.

ON WALLSTREET

U.S. stocks closed lower Tuesday, amid record lows in the benchmark 10-year Treasury yield, as global growth concerns weighed.

The Dow Jones Industrials ditched 108.75 points to 17,840.62, with JPMorgan Chase leading decliners and Johnson & Johnson the top gainer.

The S&P 500 weakened 14.4 points at end the session at 2,088.55. Energy traded more than 2% lower and materials and financials were off more than 1.5% as the greatest S&P 500 decliners.

The NASDAQ Composite Index slumped 39.67 points to 4,822.90, with Apple dipping more than 1% in afternoon trade.

Citi cut estimates for Apple's fiscal third- and fourth-quarter earnings Tuesday, citing Brexit-related macroeconomic uncertainty, currency volatility and longer iPhone replacement cycles.

Factory orders declined 1% in May. The highly anticipated employment report is due Friday.

Prices for the 10-year Treasury were higher, lowering yields to 1.38% from Friday’s 1.45%. Treasury prices and yields move in opposite directions.

Oil prices fell $2.24 a barrel to $46.75 U.S.

Gold prices hiked $17.90 to $1,356.90 U.S. an ounce.