TSX Flat At Outset

(MENAFN- Baystreet)

Equities in Toronto edged?higher on Tuesday, supported by gains in mining stocks. But advances were capped by a slump in Shopify shares after a?muted forecast, with investors also weighing renewed?Middle East tensions.
The TSX Composite Index poked ahead 4.37 points to kick off Tuesday at 33,643.24.
The Canadian dollar inched higher 0.02 cents at 73.43 cents U.S.
On the earnings?front, TMX Group’s first quarter revenue and profit beat analyst estimates. TMX shares picked up 71 cents, or 1.3%, to $56.69.
As for Shopify, its shares withered $13.37, or 7.7%, to $160.00
Real-estate firm Dream Impact Trust’s first quarter net loss widened from?a year earlier, as?commercial income fell. Dream Impact shares inched up five cents, or 3%, to $1.70.
ON BAYSTREET
The TSX Venture Exchange gained 9.68 points to 1,000.03.
All but three of the 12 TSX subgroups were higher at the opening bell. Health-care led the pack, up 1.8%, while consumer discretionary and gold each grabbed 0.9%.
The three laggards proved to be information technology, skidding 2.5%, real-estate, down 0.6%, and telecoms, off 0.1%.
ON WALLSTREET
U.S. stocks were higher on Tuesday, while oil prices slid as traders reacted to a number of solid earnings results.
The Dow Jones Industrials index resurfaced 216.3 points to kick off the session at 49.158.20.
The S&P 500 bounced 50.64 points to 7,251.39.
The NASDAQ climbed 231.87 points to 25,299.67, hitting a new all-time intraday high.
The ceasefire between the U.S. and Iran remains fragile amid fresh attacks in the Strait of Hormuz. However, Defense Secretary Pete Hegseth said Tuesday that the ceasefire“certainly holds” and that“two U.S. commercial ships, along with American destroyers, have already safely transited the strait, showing the lane is clear.”
That comes after President Donald Trump said earlier this week that the U.S. will“guide” stranded ships through the strait.
Adding to the momentum in equities were yet another batch of better-than-expected quarterly results. Notably, Pfizer shares gained marginally after its first-quarter earnings and revenue beat expectations. The company also reaffirmed its forecast for the full year. U.S.-listed shares of Belgian brewer Anheuser-Busch InBev popped 8% following its upbeat quarterly results.
Palantir Technologies was the exception, however, as shares retreated 3% even after the company’s first-quarter results surpassed analyst expectations, with revenue seeing the fastest growth since the company debuted on the public market debut in 2020. It also raised its full-year guidance.
Prices for the 10-year Treasury gained, dropping yields to 4.41% from Monday’s 4.44%. Treasury prices and yields move in opposite directions.
Oil prices faded $4.11 to $102.31 U.S. a barrel.
Gold prices hiked $56.10 to $4,589.40 U.S. an ounce.

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