It was back to reality for the TSX, which started a shortened week taking a hit from steep losses among technology shares. Lower gold prices weighed on the TSX. Investors were feeling non-committal after inflation and retail sales data didn’t show and end to monetary policy tightening.
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US stock markets also fell as investors considered the possibility of higher-for-longer interest rates in the face of earnings letdowns from big-box retailers. Walmart issued full-year earnings guidance below estimates and warned that consumers pressured by inflation shopping for bargains could negatively impact margins.
Today in the Markets
| TSX | 20,252.64 | -262.60 |  |
| TSXV | 625.51 | -2.27 | |
| CSE | 196.59 | -4.45 | |
| DJIA | 33,129.59 | -697.10 | |
| NASDAQ | 11,492.30 | -294.97 | |
| S&P 500 | 3,998.26 | -80.83 | |
The Canadian dollar traded for 73.87 cents US, compared to 74.24 cents US on Friday.
US crude futures traded $0.29 lower at $76.05 a barrel, and the Brent contract lost $1.11 to $82.96 a barrel.
The price of gold was up 7.37 to US$1,834.35.
In world markets, the Nikkei was down 58.84 points to 27,473.10, the Hang Seng was down 357.47 points to 20,529.49, the FTSE was down 36.56 points to 7,977.75, and the DAX was down 79.93 points to 15,397.62.
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