TORONTO — The Toronto stock market closed lower Tuesday amid concerns that the U.S. stock rally may be running out of steam and a new report predicting slower than anticipated global economic growth.Here are the closing numbersTSX — 13,442.60 -15.46 0.11%S&P 500 — 15,967.03 -8.99 -0.06%Dow — 1,787.87 -3.66 -0.20%Nasdaq — 3,931.55 -17.52 -0.44%The S&P/TSX composite index ticked 15.46 points lower to 13,442.6 while the Canadian dollar fell 0.36 of a cent to 95.5 cents US.The Organization for Economic Co-operation and Development cut its 2014 forecast for global growth from 4% to 3.6%. The OECD cited U.S. fiscal uncertainty, the impact of the Federal Reserve tapering its asset purchases and weakness in emerging markets.U.S. markets were lower after indexes backed off Monday after hitting key technical levels, raising questions about whether American markets are due for their first serious retracement in two years. The Dow Jones industrials declined 8.99 points to 15,967.03, the Nasdaq fell 17.51 points to 3,931.55 and the S&P 500 index slipped 3.66 points to 1,787.87.Investors remained cautious a day after the Dow broke 16,000 and the S&P breached the 1,800 mark — both for the first time. The Dow alone has surged more than 20% this year and is up about 900 points since early October amid optimism that the Federal Reserve won’t be moving to cut back on its monthly US$85 billion of bond purchases until well into the new year.“You always have to be cautious when the market has gone up as fast as it has,” said Ian Nakamoto, director of research at 3MACS.“(But) any correction that could happen I would use it to buy the dips because valuations are still reasonable.”The TSX is up about 8.5% for the year so far, held back by the mining sector. Most other sectors have put in solid performances, particularly financials, energy companies and industrials — companies Nakamoto thinks will likely take the TSX higher.“Much more of the direction of the TSX is going to be the financial and energy components because we have had such a correction in the mining sectors,” he observed.Commodity prices advanced and the energy sector was up 0.43% as December crude on the Nymex moved up 31 cents to US$93.34 a barrel. Bankers Petroleum (TSX:BNK) ran up 13 cents to C$3.86.Niko Resources (TSX:NKO) surged 23.6% to $1.78, recovering for a second day after plunging more than 50% Friday after it said that it had secured a “very high cost,” $340-million loan to avoid defaulting on debt payments and other obligations.The gold sector was up about 0.55% while December bullion climbed $1.20 to US$1,273.50 an ounce. The sector has been a major drag this year, plunging about 45% as global inflation remains very low while economic conditions are gradually improving, making bullion less attractive as a hedge. Kinross Gold (TSX:K) advanced seven cents to C$5.18.The consumer sector was in focus Tuesday as Sears Canada Inc. (TSX:SCC) stock jumped $1.07 or 6.37% to $17.87 as the retailer said that it will pay its shareholders an extraordinary dividend of $5 per share. Sears also posted a quarterly net loss of $48.8 million or 48 cents per share, mainly due to severance and restructuring costs.Food company George Weston (TSX:WN) posted earnings ex-items of $1.38 a share, seven cents shy of estimates. Its shares declined six cents to $80.85 as the company also said overall sales rose 2.1% to $10.38 billion.The base metals sector weighed on the Toronto market, down 0.02% as December copper edged up one cent to US$3.16 a pound. First Quantum Minerals (TSX:FM) fell 30 cents to C$18.55.In the U.S., Home Depot Inc. reported net income of US$1.35 billion, or 95 cents per share, up from $947 million, or 63 cents per share, a year ago. Analysts expected earnings of 89 cents per share. Revenue rose 7% to $19.47 billion from $18.13 billion. Wall Street had predicted $19.18 billion. Its shares gained 71 cents to $80.38.Shares in electric car maker Tesla (Nasdaq:TSLA) ran ahead $4.51 to $126.09 even as the U.S. government’s auto safety watchdog opened an investigation into battery fires in its Model S electric cars. The probe affects more than 13,000 cars from the 2013 model year that were sold in the U.S. Tesla has sold about 19,000 of the cars worldwide.Traders are looking to the release Wednesday of the minutes from the latest Fed meeting held late last month for hints about when the central bank might start cutting back on its asset purchases, which have kept bond yields low and encouraged people to buy equities.TOP STORIESOECD calls for Bank of Canada rate to more than double to 2.25% by end of 2015Investors are freaking out after Carl Icahn said stocks are headed for a big fallSears Canada shares spike as retailer enriches investors with big dividendTesla stock skids as Elon Musk asks the U.S. safety agency to probe fires that melted electric carsBombardier strikes CSeries deal, launches high-density Q400WHAT’S ON DECK WEDNESDAYECONOMIC NEWSCANADA8:30 a.m.Wholesale trade (Sept): Economists expect 0.3% rise UNITED STATES8:30 a.m.Retail sales (Oct): Economists expect 0.1% rise Consumer price index (Oct): Economists expect no rise in inflation 10 a.m.Existing home sales (Oct): Economists expect a decline of 2.7% Business inventories (Sept): Economists expect 0.3% rise 2 p.m.U.S. Fed’s FOMC minutes from October meeting  CORPORATE NEWSUNITED STATESDeere & Company Q4 earnings: Analysts expect US$1.89 J C Penney Co Inc Q3 earnings: Analysts expect a loss of US$1.78 a share Lowe`s Companies Q3 earnings: Analysts expect 48¢ a share The J. M. Smucker Company Q2 earnings: Analysts expect US$1.60 a share Staples, Inc. Q3 earnings: Analysts expect 42¢ a share