Equities in Toronto joined their American cousins on the downward slope Tuesday, weighed mostly by energy issues.
The S&P/TSX blundered 138.16 points to close Tuesday at 18,678.64.
The Canadian dollar dropped 0.14 cents to 76.81 cents U.S.
Energy stocks weighed most heavily, as Spartan Delta dumped 75 cents, or 6.5%, to $10.74, while Tamarack Valley Energy fell 20 cents, or 5%, to $3.78.
Gold stocks lost some of their shine, with New Gold falling 33 cents, or 26.4%, to 92 cents, and Barrick Gold got cuffed 70 cents, or 3.2%, to $21.36.
In other resources, First Quantum Minerals shied away 93 cents, or 4.1%, to $21.99, while Capstone Mining slipped 11 cents, or 4.1%, to $2.59.
Health-care stocks did their best, with Aurora Cannabis taking on eight cents, or 4.9%, to $1.71, while Bausch Health Companies gained 46 cents, or 4.2%, to $11.37.
In communications, the beleaguered Rogers improved $1.44, or 2.5%, to $60.13, while Corus Entertainment grabbed five cents, or 1.4%, to $3.57.
In real-estate, Colliers International Group faced higher $3.68, or 2.5%, to $148.56, while First Service jumped $3.67, or 2.3%, to $168.66.
ON BAYSTREET
The TSX Venture Exchange stumbled 13.68 points, or 2.3%, to 592.70.
All but three of the 12 TSX subgroups lost ground, with energy tumbling 3.8%, while gold and materials each lost 1.8%.
The three gainers were health-care, up 2.1%, while communications and real-estate each gathered 0.3%.
ON WALLSTREET
U.S. stocks tumbled on Tuesday as worries over global economic growth dented investor appetite for risk assets and Wall Street braced for June inflation data.
The Dow Jones Industrials faded into the red 192.51 points to 30,981.33.
The S&P 500 ditched 35.63 points to 3,818.80.
The NASDAQ Composite fell 107.87 points, or 1%, to 11,264.73.
Some beaten-up tech bounced on Tuesday but gave up those gains later in the session. Salesforce and Microsoft each fell more than 4% while Amazon, Netflix and Alphabet shed more than%. Twitter shares, which have been volatile after Elon Musk terminated his deal to purchase the social media company, added 4.3%.
Airline stocks rallied on Tuesday after American Airlines said it expects total revenue in the second quarter to top 2019 levels. The stock soared 10% on the news while United jumped 8.1%,, Delt took on 6.2%, and Southwest climbed 4.6%.
Meanwhile, battered cruise stocks Norwegian hiked 5.8%, and Carnival jumped 7.5%. Boeing shares climbed 7.7% as deliveries hit their highest monthly level since March 2019.
All major sectors finished the day in the negative led by energy, which tumbled 2% as oil prices declined on fears of a global slowdown. Halliburton and Devon Energy each dipped about more than 2%.
PepsiCo kicked off the corporate earnings season on Tuesday, reporting a better-than-expected quarterly profit and revenue and raising its revenue outlook for the year. Delta Air Lines and JPMorgan Chase are among the companies slated to report later this week.
Treasury prices gained a bit of turf, lowering yields to 2.97% from Monday’s 2.99%. Treasury prices and yields move in opposite directions.
Oil prices capsized $8.31 to $95.78 U.S. a barrel.
Gold prices lost 20 cents to $1,731.50 U.S. an ounce.