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The TSX composite index fell 0.13% to settle at 19,188.03 on Tuesday, May 4, primarily due to the fall in the technology sector in the United States. The tech sector was hit by the anticipation of rising interest rates. Several large US tech players, such as Apple Inc (down by 3%), reported decline on Tuesday.
1 Year S&P/TSX Composite Daily Price Chart (as on May 05, 2021). Source: EODHD/Others (Thomson Reuters)
The TSX Venture Index was down by 1.48% to 944.49.
Movers and Laggards on TSX Composite
Source: EODHD/Others (Thomson Reuters)
Active Volume Leaders
On Tuesday, the most heavily traded stocks on the TSX were Suncor Energy Inc, with 10.8 million, Aphria Inc, with 9.6 million, and Cenovus Energy Ltd, with 8.86 million.
Wall Street
Concerns over growing interest rates and speculation about a forthcoming unemployment report prompted investors to sell mega cap growth stocks. The Nasdaq Composite fell 261.62 points to 13,633.50, while the S&P 500 lost 28 points to settle at 4,164.66. The Dow Jones Industrial Average closed slightly higher, rising 0.06% to 34,133.03.
Commodity Update
Gold futures traded in the red zone at US$ 1,778.25.00, down by 0.78%.
Bullish momentum extended in the crude oil, where Brent Oil improved by 2.39% to US$ 69.28/bbl, and WTI Crude Oil climbed up 2.46% to close higher at US$ 66.23/bbl.
Currency News
The Canadian dollar lost some ground against the US greenback, with currency pair USD/CAD closing at 1.2298, up 0.18%.
After a losing streak for two straight days, the US Dollar Index (DXY) witnessed a recovery and gained 0.31% to close at 91.28 on Tuesday.
