S&P 500 streak ends as tech stocks retreat and tariff uncertainty weighs on investors

Their resistance, centred on a cap on state and local tax deductions, poses a threat to the bill’s passage ahead of the Memorial Day weekend. 

While US markets ended lower, BNN Bloomberg repots that Canada’s main stock index closed at another record high. The S&P/TSX Composite Index gained 83.70 points on Tuesday to reach 26,055.63. 

Markets in Canada had been closed the previous day for Victoria Day, as reported by BNN Bloomberg. 

Commodities saw mixed movements. The July crude oil contract declined by 11 cents US to US$62.03 per barrel. The June natural gas contract rose 32 cents US to US$3.43 per mmBTU.  

Gold prices increased, with the June contract gaining US$51.10 to settle at US$3,284.60 an ounce. Meanwhile, the July copper contract slipped two cents US to US$4.65 a pound.