S&P/TSX composite ticks lower as telecom and utility stocks pull back, U.S. stocks up

TORONTO — Canada’s main stock index ticked lower Monday, weighed down by losses in telecom and utility stocks, while U.S. stock markets rose.

The S&P/TSX composite index was down 8.59 points at 19,822.45.

In New York, the Dow Jones industrial average was up 209.52 points at 33,944.40. The S&P 500 index was up 10.58 points at 4,409.53, while the Nasdaq composite was up 24.77 points at 13,685.48.

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The Canadian dollar traded for 75.28 cents US compared with 75.23 cents US on Friday.

The August crude oil contract was down 87 cents at US$72.99 per barrel and the August natural gas contract was up nine cents at US$2.67 per mmBTU.

The August gold contract was down US$1.50 at US$1,931.00 an ounce and the September copper contract was up less than a penny at US$3.78 a pound.