The S&P/TSX Composite Index fell around 0.4% to below the 30,000 level on Tuesday, tracking the muted momentum in other markets as global investors showed caution ahead of key U.S. economic data and the earnings report from AI bellwether Nvidia. This report is expected to offer additional insights on AI spending and datacenter demand, which drove North American equities this year but faced significant pressure last week. Sentiment was also weighed down by the diminishing prospect of an imminent Federal Reserve rate cut. Technology and financials led the decline, with mega-caps Shopify and CIBC each losing nearly 2%. Meanwhile, a rebound in gold prices lent support to major mining equities, most of which had posted losses in the prior session.