Stocks fought their way back Tuesday to where they’d ended Monday, based on the strength of resource and tech issues.
The TSX climbed to within 3.11 points of breakeven, to end Tuesday at 24,562.55.
The Canadian dollar slid 0.14 cents to 71.85 cents U.S.
In corporate news, the U.S. Department of Energy finalized a $2.26-billion loan for Lithium Americas on Monday to build Nevada’s Thacker Pass lithium mine. Lithium Americas stock bounced 54 cents, or 9.4%, to $6.31.
Utilities led the way downward, with Brookfield Renewable tumbling $1.54, or 4.1%, to $36.26, while Innergex Renewable dipped 40 cents, or 4.2%, to $9.10.
Among communications concerns, Rogers sank $1.35, or 2.6%, to $50.49, while Cogeco docked $1.48, or 2.1%, to $69.09.
In health-care, Sienna Senior Living faltered 23 cents, or 1.3%, to $17.26, while Chartwell Retirement Residences slipped 16 cents, or 1%, to $15.33.
Materials and gold tried to lift things up, First Majestic Silver captured 44 cents, or 4.1%, to $11.07, while K92 Mining seized 42 cents, or 4.6%, to $9.57. Eldorado Gold jumped $1.29, or 5.4%, to $25.11, while Oceanagold added 16 cents, or 4.1%, to $4.07.
Tech stocks were positive as well, as Bitfarms surged 12 cents, or 4%, to $3.12, while Sangoma climbed 26 cents, or 3.2%, to $8.50.
ON BAYSTREET
The TSX Venture Exchange added 2.58 points to 619.73.
Eight of the 12 TSX subgroups were behind on the day, with utilities descending 1.7%, communications down 1.1%, and health-care ailing 1%.
The four gainers were led by materials and gold, each up 1.4%, and information technology, rising 0.7%.
ON WALLSTREET
The NASDAQ Composite ticked higher Tuesday and hit a new record high as investors readied for key corporate earnings releases, including reports from notable tech names.
The Dow Jones Industrials dropped 154.52 points to greet the closing bell Tuesday at 42,233.05
The S&P 500 index gained 9.4 points to 5,832.92.
The NASDAQ vaulted 145.56 points to 18,712.75.
Alphabet, Snap, Reddit, Chipotle and Advanced Micro Devices are all scheduled to post their quarterly results after the market closes. Tech juggernauts Meta Platforms and Microsoft are slated to report Wednesday, while Apple is up on Thursday.
Ahead of their earnings releases, shares of Meta and Alphabet advanced more than 1% on Tuesday.
This will mark the busiest week of the earnings season with more than 150 S&P 500 companies scheduled to have reported by Friday’s close.
The major averages are coming off a winning session. Notably, the blue-chip Dow broke a five-day losing streak, while the tech-heavy NASDAQ notched its eighth positive session of the last nine.
Prices for the 10-year Treasury zoomed upward Tuesday, weighing yields to 4.26% from Monday’s 4.27%. Treasury prices and yields move in opposite directions.
Oil prices shed 15 cents to $67.23 U.S. a barrel.
Prices for gold sprang up by $29.40 an ounce to $2.785.30 U.S.
