TSX Today: What to Watch for in Stocks on Wednesday, October 30

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Mixed U.S. economic data and volatile commodity prices kept the Canadian equities market largely flat on Tuesday as investors awaited important corporate earnings. After falling by over 100 points in intraday trading, the S&P/TSX Composite Index staged a recovery later during the session to settle at 24,563, with a minor three-point decline from its previous closing.

While the continued record-breaking rally in gold spot prices drove the shares of precious metal miners higher, big losses in many key sectors, such as utilities, consumer cyclicals, and energy, offset these gains, keeping the TSX index relatively flat.

Top TSX Composite movers and active stocks

Innergex Renewable Energy, Brookfield Renewable Partners, Linamar, and West Fraser Timber fell by at least 3.3% each, making them the worst-performing TSX stocks for the day.

On the flip side, mining stocks Eldorado Gold, K92 Mining, Lundin Mining, First Majestic Silver, and…

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