Materials and industrials weigh on TSX, U.S. stock markets gain ground

The Canadian Press
Published Tuesday, May 21, 2019 1:01AM EDT
Last Updated Tuesday, May 21, 2019 11:30AM EDT

TORONTO - Canada's main stock index edged lower in late-morning trading due to losses in the key industrial and materials sectors, while U.S. stock markets traded higher.

The S&P/TSX composite index was down 7.45 points at 16,394.30.

In New York, the Dow Jones industrial average was up 156.21 points at 25,836.11. The S&P 500 index was up 25.17 points at 2,865.40, while the Nasdaq composite was up 86.66 points at 7,789.04.

The Canadian dollar traded for 74.54 cents US compared with an average of 74.25 cents US on Friday.

The July crude contract was down eight cents at US$63.13 per barrel and the June natural gas contract was down 5.1 cents at US$2.62 per mmBTU.

The June gold contract was down US$4.00 at US$1,273.30 an ounce and the July copper contract was up 0.15 of a cent at US$2.73 a pound.

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