Toronto and U.S. stock markets close lower, loonie dips

TORONTO _ Sliding commodity prices and disappointing earnings had both Canada’s main stock index and U.S. markets closing lower Thursday.

The S&P/TSX composite index closed down 75.55 points at 15,454.42.

In New York, the Dow Jones industrial average ended 83.18 points to 24,664.89. The S&P 500 index closed down 15.51 points to 2,693.13 and the Nasdaq composite index was down 57.18 points at 7,238.06.

The Canadian dollar averaged 79.16 cents US, down 0.12 of a US cent.

The June crude contract closed down 14 cents at US$68.33 per barrel and the May natural gas contract was down eight cents at US$2.66 per mmBTU.

The June gold contract ended down US$4.70 at US$1,348.80 an ounce and the May copper contract was down three cents at US$3.13 a pound.