Materials and tech stocks weigh on Toronto market, U.S. stocks fall

Materials and tech stocks weigh on Toronto market, U.S. stocks fall
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TORONTO — Canada’s main stock index edged lower in late-morning trading as losses in the materials sector, which includes the big mining companies, and technology stocks weighed on the market.

The S&P/TSX composite index was down 22.36 points at 16,040.97.

In New York, the Dow Jones industrial average was down 73.29 points at 26,796.81. The S&P 500 index was down 20.29 points at 3,206.27, while the Nasdaq composite was down 165.29 points at 10,385.20.

The Canadian dollar traded for 73.88 cents US compared with 73.89 cents US on Thursday.

The September crude contract was down 10 cents at US$41.30 per barrel and the August natural gas contract was up nearly a penny at US$1.79 per mmBTU.

The August gold contract was down US$6.40 at US$1,807.40 an ounce and the September copper contract was up nearly a penny at US$2.89 a pound.

This report by The Canadian Press was first published July 16, 2020.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

 

The Canadian Press

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