Market News | SharesTSX Give Back Monthly Gains | Tuesday, May 31, 2022:
Source: reuters.com TSX gives back monthly gain as resource shares slide May 31, 20223:27 PM GMT-5Last Updated 5 min ago 2-3 minutes Summary Companies TSX ends down 190.06 points, or 0.9%, at 20,729.34 For the month, the index falls 0.2% Energy sector pulls back 2.8%; oil settles 0.4% lower Materials group loses 1.4% TORONTO, May 31 (Reuters) - Canada's main stock snapped its recent winning streak on Tuesday, pressured by a drop in resource shares, as investors grew more nervous that central banks would hike interest rates aggressively to tame inflation. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 190.06 points, or 0.9%, at 20,729.34, after seven straight days of gains. For the month of May, it dipped 0.2%, following a 5.2% slump in April. The S&P 500 (.SPX) also fell on Tuesday as volatile trading in oil prices kept soaring inflation in focus and investors reac