TORONTO - The Toronto stock market was marginally lower Tuesday as strength in the gold sector failed to offset weakness in energy issues and elsewhere on Canada's main index.Although well off the worst lows of the day, the S&P/TSX composite index was down 5.99 points 15,338.09 at midafternoon after falling 64.25 points on Monday. The loonie rose 0.51 of a U.S. cent to 83.15 cents.In New York, markets were mixed as the Federal Reserve began a two-day meeting and investors took in a disappointing read on American consumer confidence. The Conference Board said its consumer confidence index fell to 95.2 in April from 101. 4 in March, the lowest reading since December.The Dow Jones industrial average was up 43.17 points at 18,081.14, the Nasdaq was down 3.13 points at 5,057.12 and the S&P 500 advanced 3.49 points to 2,112.41.On the commodity markets, benchmark crude oil gained 22 cents to US$57.21 a barrel, while June gold bullion was up $10.60 at US$1,213.80 an ounce.In U.S. earnings news, pharmaceutical like Pfizer and Merck were among a number of big name companies to issue earnings reports that beat expectations, while other, like Ford, disappointed.
SUBSCRIBE AND FOLLOW NEWS