Canada’s main stock index closes lower along with U.S. markets

The loonie also dipped on Thursday

Canada’s main stock index closed lower along with U.S. indexes as mixed earnings results put pressure on markets.

The S&P/TSX composite index ended down 123.64 points, or 0.74%, at 16,488.20 as energy and materials stocks fell.

In New York, the Dow Jones industrial average closed down 128.99 points at 27,140.98. The S&P 500 index ended down 15.89 points at 3,003.67, while the Nasdaq composite was down 82.96 points at 8,238.54.

The Canadian dollar averaged US76.07¢, down from an average of US76.12¢ Wednesday.

The September crude contract closed up US14¢ at US$56.02 per barrel and the September natural gas contract was up US2.5¢ at US$2.23 per mmBTU.

The August gold contract closed down $8.90 at US$1,414.70 an ounce and the September copper contract was down a penny at US$2.70 a pound.