North American stocks dropped Tuesday, as investor sentiment turned negative following last week’s bounce back in equity prices.

The S&P/TSX composite index lost 140.07, or 1.18%, to 11,705.41.

Seven of the 10 TSX main sub-groups were down, with the energy index giving up 2.43% and the materials sector losing 2.22%.

Light, sweet crude oil futures rose 66¢ to US$72.03 a barrel.

Imperial Oil lost $1.99, or 4.71%, to $40.26.

The benchmark June contract for gold rose $2.90 at US$653.90 an ounce.

Goldcorp Inc. lost $1.31, or 3.74%, to $33.75.

The Canadian dollar rose 0.44 of a cent to US90.88¢.

The S&P/TSX Venture Exchange index ended down 37.43, or 1.31%, to 2,826.20.

In New York, investors turned decidedly bearish on worries over a falling dollar, higher oil prices and a un-encouraging sales forecast from retailer Wal-Mart.

The Dow Jones Industrial Average lost 184.18 points, or 1.63%, at 11,094.43, with all 30 components down for the first time since September 2004. The Nasdaq Composite Index dropped 45.63 points to 2,164.74 and the S&P 500 Index fell 20.29 points to 1,259.87.