TSX Trudges at Open
The TSX dumped 129.79 points to begin Tuesday at 19,804.42.
The Canadian dollar retreated 0.16 cents to 75.54 cents U.S.
Canaccord Genuity Group has reportedly cut bonuses following a decline in dealmaking activity and is looking at avenues to boost employee stock ownership. Shares in Canaccord let go of a nickel to $7.96.
ON BAYSTREET
The TSX Venture Exchange slipped 2.95 points to 609.35.
ON WALLSTREET
Stocks fell Tuesday as Wall Street struggled to carry over the positive momentum from last week.
The Dow Jones Industrials fell 292.69 points to 34,006.12.
The S&P 500 dumped 34.64 points to 4,374.95.
The NASDAQ index slipped 88.67 points to 13,600.90.
Markets in the U.S. were closed Monday for Juneteenth.
U.S. housing starts topped estimates in May. There were 1.63 million starts last month, which was higher than the 1.39 million housing starts expected by economists polled by Dow Jones.
In earnings, investors will look toward a quarterly report from shipping giant FedEx on Tuesday after the the closing bell.
Prices for the 10-year Treasury recovered, lowering yields to 3.71% from Friday’s 3.77%. Treasury prices and yields move in opposite directions.
Oil prices fell $1.70 to $70.08 U.S. a barrel.
Gold prices dulled $26.10 to $1,945.10 U.S. an ounce.
Provided Content: Content provided by Baystreet. The Globe and Mail was not involved, and material was not reviewed prior to publication.
