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Futures on March in Toronto

Jan 12, 2021 (Baystreet.ca via COMTEX) --

Futures for Canada's main stock index rose on Tuesday, helped by gains in crude and bullion prices, while concerns about surging coronavirus cases across the globe capped further gains.

The TSX demurred 107.62 points to close Monday's session at 17,934.45.

The Canadian dollar moved up 0.17 cents to 78.46 cents U.S.

March futures were up 0.1% Tuesday.

RBC initiates coverage on Finning International with an outperform rating.

RBC also initiates coverage on Toromont Industries with an outperform rating

RBC raised the target price on WSP Global to $137.00 from $123.00

ON BAYSTREET

The TSX Venture Exchange docked 11.38 points, or 1.3% Monday, to 885.33.

ON WALLSTREET

U.S. equity futures were slightly higher early Tuesday after breaking a winning streak as investors grew worried about stocks' stretched valuations.

Futures for the Dow Jones Industrials hiked 76 points, or 0.3%, to 30,978.

Futures for the S&P 500 picked up 11.75 points, or 0.3%, at 3,803.75.

Futures for the NASDAQ Composite added 49.5 points, or 0.4%, to 12,946.50.

On Monday, the Dow lost nearly 90 points, dragged down by a 2.3% drop in Apple's stock. The S&P 500 dipped 0.66%

The NASDAQ was the relative underperformer, dipping 1.3% as Facebook, Amazon, Netflix, and Google-parent Alphabet all closed lower.

Tesla closed down 7.8% for its first negative day in 12 and worst day since Sept. 23

Overseas, in Japan, the Nikkei 225 returned from a long weekend to gain 0.1%, while in Hong Kong, the Hang Seng index picked up 1.3%.

Oil prices jumped 82 cents to $53.07 U.S. a barrel.

Gold prices brightened $10.10 at $1,860.90 U.S.

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