The Globe and Mail reports in its Tuesday, May 5, edition that Iran war nervousness saw stocks end lower on Monday, with the S&P 500 retreating from a record high last week. Dispatches from the Associated Press and Reuters report that U.S. crude oil futures settled 4.4 per cent higher at $106.42 (U.S.) a barrel. The S&P 500 declined 0.41 per cent to end the session at 7,200.75 points. The S&P/TSX composite index ended down 252.31 points, or 0.7 per cent, at 33,638.87. The materials group, which includes metal mining shares, lost 1.6 per cent in Toronto. The price of gold was down 2.2 per cent as heightened United States-Iran tensions boosted demand for the safe-haven U.S. dollar. The TSX consumer discretionary sector fell 2.1 per cent, with shares of clothing retailer Aritzia down 4.7 per cent. Industrials declined 1.3 per cent and heavily weighted financials ended 1 per cent lower. Two of the 10 major sectors ended higher, with energy up 1.4 per cent and technology adding 0.6 per cent. In the bond market, Treasury yields in both Canada and the U.S. jumped with the price of oil. The earnings picture, however, remains robust.