TSX Posts Biggest Daily Drop in a Month on Tuesday

The S&P/TSX Composite Index fell 1.6% on Tuesday as investors weighed geopolitical risks in the Middle East. Mining shares led the decline while energy rose.

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Canada's main stock index recorded its largest daily drop in a month on Tuesday as investors reacted to renewed geopolitical uncertainty in the Middle East. The S&P/TSX Composite Index finished down 551.73 points, or 1.6%, at 33,808.30. This sharp decline follows Monday's session, where the market reached its highest closing level in seven weeks.

A display at the Toronto Stock Exchange shows the S&P/TSX composite index reaching a record level in Toronto, Ontario. REUTERS/Chris Helgren/File Photo
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