Toronto markets were pulled lower by commodities stocks Tuesday, after yesterday’s record high close.

The S&P/TSX Composite index closed down 49.37 points, or 0.34%, at 14,616.70. Six of the 10 major TSX groups fell today.

The materials group fell 0.60%, as the gold sub-index fell 0.92%,

Gold for June delivery closed down $15.30, or 1.7%, at US$869.60 an ounce on the New York Mercantile Exchange.

Iamgold Corp. shares closed up 5¢, or 0.83%, at $6.10, after it said Q1 earnings nearly tripled to US$34.4 million.

As well, Crystallex International Corp. shares closed up 17¢, or 18.89%, at $1.07.

Shares in heavyweight gold firm, Goldcorp Inc., however, fell. Goldcorp stock closed down 38¢, or 0.96%, to close at $39.28.

The heavyweight energy group fell 0.54%, as the June crude contract closed up US$1.57, or 1.3% at US$125.80 a barrel on the Nymex.

Shares in Encana Corp. fell $1.35, or 1.46%, to close at $90.85.

The base metals group gained 0.66%.

Uranium miner Cameco Corp. shares gained 6¢, or 0.15%, to close at $40.34, after it announced Q1 earnings of $133 million, up 125% from the same period last year.

The financials group closed relatively flat, up just 0.06%.

DundeeWealth Inc. shares lost 7¢, or 0.51%, to close at $13.67, after it reported a $49.7-million loss in Q1 on a $75.9 million writedown related to asset-backed commercial paper. The company wrote was also hit with a $95.2 million ABCP writedown last year.

In other news, Rona Inc. shares lost 50¢, or 3.72%, to end at $12.95, after it reported that same store sales tumbled 5.2% in Q1.

The junior S&P/TSX Venture composite index closed down 20.16 points, or 0.78%, at 2,555.95.

The Canadian dollar closed at US99.72¢, up 0.16 of a cent from yesterday’s close.

In New York, grim earnings forecasts from Wal Mart plus Fed chief Ben Bernanke’s description of markets as “far from normal” weighed on markets.

The Dow Jones Industrial Average closed down 44.13 points, or 0.34%, at 12,832.18.

The S&P 500 lost 0.54points, or 0.04%, to close at 1,403.04.

The tech-heavy Nasdaq composite index, however, closed up 6.63 points, or 0.27%, at 2,495.12.

In U.S. corporate news, Wal-Mart Stores Inc. reported Q1 profits rose 6.9% to US$3.02 billion, but same-store sales in the U.S. were up just 2.9% from the same period last year.