Closing Bell TSX slips as Dow hits record in Mondays lacklustre trade

Here are the closing numbersTSX — 13,358.39 -19.94 -0.15% S&P 500 — 1,771.89 +1.28 +0.07% Dow — 15,783.10 +21.32 +0.14% Nasdaq — 3,919.79 +0.56 +0.01%TORONTO — The Toronto stock market closed slightly lower as interest sensitive stocks continued to sell off amid rising U.S. bond yields and retailers declined ahead of earnings reports later in the week.The S&P/TSX composite index slipped 19.94 points to 13,358.39 amid generally lacklustre trading and lower than usual volumes as banks, many businesses and the bond market closed for Remembrance Day.On international markets, the Canadian dollar was up 0.06 of a cent at 95.5 cents US late in the afternoon.U.S. indexes made slight headway with the Dow Jones industrials ahead 21.32 points to a record high of 15,783.1, the Nasdaq gained 0.56 of a point to 3,919.79 and the S&P 500 index was up 1.28 points at 1,771.89.TSX losses were led by falling telecoms and particularly the utilities, which have been popular with investors because of their dividends.But both have been under pressure as U.S. bond yields have moved up sharply on speculation the Federal Reserve may start cutting back on a key piece of stimulus.TOP STORIESSears shares spike on $315-million deal to sell stake in eight properties to Montez Income PropertiesApple said to be working on iPhone designs with bigger, curved-glass screensMitel Networks buys Aastra in $400-million friendly takeover deal to join ‘billion-dollar club’CPPIB teams up with Australia’s biggest office landlord to buy $2.66-billion office trust down underWHAT’S ON DECK TUESDAYECONOMIC NEWSUNITED STATES7:30 a.m.NFIB Small Business Economic Trends CORPORATE NEWSCANADAFortress Paper Ltd Q3 earnings: Analysts expect a loss of 98¢ a share Ivanhoe Energy Inc Q3 earnings: Analysts expect a loss of 31¢ a share Shoppers Drug Mart Corp Q3 earnings: Analysts expect 81¢ a share Thompson Creek Metals Co Inc Q3 earnings: Analysts expect a loss of 2¢ a share read more