TSX edges lower as tech stocks retreat, loonie up

March 31, 2022 08:30 AM AEDT | By Sundeep Radesh

TSX edges lower as tech stocks retreat, loonie up — Image source: Copyright © 2021 Kalkine Media Pty Ltd.

Movers and laggards

Wall Street update

The Dow saw a loss of 65.38 points, 0.19 per cent, to 35,228.81 points, while the S&P 500 pushed lower by 29.15 points, 0.63 per cent, to 4,602.45 points. Nasdaq’s benchmark sank 177.36 points, 1.21 per cent, to 14,442.28.

Commodities update

Gold gained 1.11 per cent to US$ 1,933.50. The price of Brent oil gained 2.92 per cent and was at US$ 113.45/bbl and that of crude oil was down 1.62 per cent to US$ 104.24/bbl.

Currency news

The loonie gained 0.18 per cent compared to the US dollar while USD/CAD ended at 1.2480. The US Dollar Index was at 97.83 against the basket of major currencies, down 0.58 per cent.

Money market

The US 10-year bond yield was down 1.67 per cent to 2.358 and the Canada 10-year bond yield was down 1.81 per cent to 2.437.5

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