News

Materials sector weighs on stocks in Toronto, U.S. markets trade lower

Materials sector weighs on stocks in Toronto, U.S. markets trade lower
Business
TORONTO - Losses in the materials sector weighed on Canada s main stock index in late-morning trading, while U.S. stock markets also moved lower.

The S&P/TSX composite index was down 16.32 points at 16,171.78.

In New York, the Dow Jones industrial average was down 85.17 points at 25,802.21. The S&P 500 index was down 8.78 points at 2,823.79, while the Nasdaq composite was down 11.07 points at 7,712.88.

The Canadian dollar traded for 74.99 cents US compared with an average of 75.23 cents US on Tuesday.

The May crude contract was up 35 cents at US$59.64 per barrel and the April natural gas contract was down 4.6 cents at US$2.83 per mmBTU.
Read more on CTVnews
News Topics :
Similar Articles :
Business
TORONTO The financial sector led a broad based rally on the Toronto Stock Exchange to push Canada’s main stock index higher in late morning trading, while U.S. stock markets moved lower....
Business
TORONTO Canada’s main stock index edged lower in late morning trading as the energy sector stepped back, while U.S. stock markets also lost ground. The S&P/TSX composite index was down...
Business
TORONTO The energy sector led Canada’s main stock index lower, while U.S. stock markets pulled back in the face of increased tensions ahead of U.S. China trade talks. The S&P/TSX...
Business
TORONTO The energy sector weighed on stocks in Toronto as Canada’s main stock index fell in late morning trading, while U.S. stock markets also edged lower. The S&P/TSX composite index...
Business
TORONTO Canada’s main stock index edged down in late morning trading amid weakness in the materials sector that had helped fuel recent gains, while U.S. markets also traded lower. The...