Toronto stocks pulled ahead on Tuesday as strength in financials and energy issues offset weakness in materials stocks.

The S&P/TSX composite index rose 49.85 points, or 0.4%, to end the day at 13,915.36, yet another record closing high.

The energy and financials sectors rose 0.64% and 0.46%, respectively, offsetting the resources-laden materials group, which slipped 0.57%.

Energy shares got a boost from the price June crude, which rebounded 1.3% to settle at US$62.26 a barrel on the New York Mercantile Exchange as new militant attacks on Nigeria’s oil industry and fears of hurricanes this year in the Gulf of Mexico raised worries over supply.

EnCana added 73¢, or 1.2%, to close at $62.93 and Suncor Energy added 73¢, or 0.8%, to $91.65.

In financials, Royal Bank shares rose 26¢, or 0.4%, to close at c$59.12 and TD gained 50¢ or 0.7%, to $69.30.

Gold futures pulled back as the U.S. dollar strengthened against the euro, with June-delivery gold on the COMEX division of NYMEX easing US$3 to close at US$687.40.

Goldcorp Inc. fell 48¢ to $27.12.

The junior S&P/TSX Venture composite index slipped 18.95 points to 3,350.84.

The Canadian dollar declined 0.24 of a cent to US90.52¢.

On Wall Street, U.S. stocks closed flat on as investors locked in profits after five straight sessions of gains for the Dow Jones industrial average, a day before the Federal Reserve’s meeting on interest-rate policy.

The Fed is expected to leave its key rate unchanged at 5.25% and investors could get further direction about whether a hoped-for cut is in the offing.

The Dow dipped 3.90 points, or 0.03%, to end at 13,309.07, after earlier falling as much as 75 points. The S&P 500 slipped 1.76 points, or 0.12%, to finish at 1,507.72.

The tech-heavy Nasdaq composite index bucked the downtrend edging up 0.80 of a point, or 0.03%, to close at 2,571.75.