The Globe and Mail reports in its Wednesday edition that U.S. stock indexes retreated more than 1 per cent on Tuesday, with weakness in megacap growth companies such as Apple and the chip sector weighing most on the Nasdaq ahead of this week's crop of economic data and remarks from Federal Reserve chair Jerome Powell. A Reuters dispatch to The Globe says Canada's main index outperformed Wall Street, ending flat on gains for resource shares after the price of gold moved to a record high. Tuesday's U.S. economic data was a mixed bag, showing slower services-industry growth in February as employment declined while a measure of new orders grew to a six-month high, signalling underlying strength in the sector. The Purchasing Managers Index report on Tuesday confirmed continued economic growth despite 525 basis points worth of interest rate increases from the Fed since March, 2022. Some strategists saw the technology sell-off on Tuesday as the result of profit taking for a sector that had recently rallied after rising 56 per cent in 2023. The S&P/TSX Composite Index ended down 5.14 points at 21,525.93. Gold has climbed over $300 since the start of the Israel-Hamas war. Energy shares also gained ground, rising 1 per cent.