North American stocks fell Tuesday, as investors worried over inflationary pressures and rising interest rates.
The S&P/TSX composite index gave up 108.49, or 0.78%, to 13,724.33 in a volatile day of trading which say the market rise to 13,852.07 and drop as low as 13,721.71.
Nine of the 10 TSX main sub-groups were down. Only consumer staples ended in the black, moving up 0.13%.
The energy index closed down 0.90%.
Light, sweet crude futures lost 62¢ to finish at US$65.35 a barrel.
Imperial Oil Ltd. fell 40¢, or 0.81%, to $49.16.
The materials index lost 1.11%, while the gold sub-index gave up 1.46%.
Gold futures fell $5.90 to close at US$653.10 an ounce.
Eldorado Gold Corp. gave up 5¢, or 0.83%, to $5.94.
The financials group fell 0.49%.
Toronto-Dominion Bank fell $1.23, or 1.67%, to $72.26.
The Canadian dollar lost 0.56 of a cent to US93.73¢.
The S&P/TSX Venture composite index fell 63.77 points, or 2%, to 3,129.92.
In New York, the Dow Jones industrial average lost 129.95, or 0.97%, to 13,295.01, the Nasdaq composite index gave up 22.38, or 0.87%, to 2,549.77, and the S&P 500 dropped 16.12, or 1.07%, to 1,493.00.
Inflation jitters sink stocks
- By: IE Staff
- June 12, 2007 June 12, 2007
- 15:50