The struggle between market bulls and bears continued on Tuesday after the release of mixed U.S. retail sales and cooler-than-expected domestic consumer inflation data, as stock investors speculated about the Federal Reserve’s next move on interest rates. Despite climbing by as much as 99 points in intraday trading, the S&P/TSX Composite Index ended the volatile session with a 24-point decline, closing at 23,678, as profit-taking seemingly pulled the index lower.
Although shares of healthcare and technology companies witnessed renewed buying during the session, heavy losses in other key market sectors, such as consumer noncyclical, industrials, and real estate, pressured the TSX index.
Top TSX Composite movers and active stocks
Aya Gold & Silver, Loblaw Companies, New Gold, and Canadian Apartment Properties REIT were the worst-performing TSX stocks for the day, with each sliding by at least 2.9%.
In contrast, Canfor, Bombardier,…
