Toronto stock market drops on materials, energy, weak US earnings

TORONTO - Several disappointing U.S. earnings reports pulled North American stock markets lower on Tuesday, while investors sold off materials and energy stocks.

The S

The August crude contract on the Nymex weakened 32 cents to US$106 a barrel.

August bullion rose $6.90 to US$1,290.40 an ounce while the TSX gold sector rose 3.1 per cent.

On Wall Street, the Dow shifted back 32.41 points to 15,451.85, the Nasdaq composite index was 8.99 points lower to 3,598.50 while the S

Meanwhile, the Canadian dollar was up 0.45 of a cent 96.47 cents US.